Consensus 2023 Logo
Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.

Danny is CoinDesk's Managing Editor for special projects. He owns BTC, ETH and SOL.

Nikhilesh De is CoinDesk's managing editor for global policy and regulation. He owns marginal amounts of bitcoin and ether.

Consensus 2023 Logo
Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.

Reported U.S. investigations into Binance, one of the world’s largest crypto exchanges, now include an insider trading and market manipulation probe, Bloomberg reported Friday.

Bloomberg said the Commodity Futures Trading Commission (CFTC) has begun recruiting possible witnesses. That could signal a more serious legal investigation than the collaborative inquiry Binance officials have described in earlier reports.

Binance already faced a probe from the U.S. Department of Justice and the Internal Revenue Service. The investigation reportedly focused on tax and money laundering claims.

The CFTC has also reportedly been investigating the exchange for allowing customers in the U.S. to trade derivatives products without oversight from the CFTC.

A Binance spokesperson told CoinDesk the exchange has “a zero-tolerance policy for insider trading.”

“There is a long-standing process in place that our security team follows to investigate and hold those accountable that have engaged in this type of behavior, immediate termination being minimal repercussion,” the spokesperson said in a statement.

A CFTC spokesperson declined to comment.


Read more about

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

CoinDesk - Unknown

Danny is CoinDesk's Managing Editor for special projects. He owns BTC, ETH and SOL.

CoinDesk - Unknown

Nikhilesh De is CoinDesk's managing editor for global policy and regulation. He owns marginal amounts of bitcoin and ether.


Learn more about Consensus 2023, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.


CoinDesk - Unknown

Danny is CoinDesk's Managing Editor for special projects. He owns BTC, ETH and SOL.

CoinDesk - Unknown

Nikhilesh De is CoinDesk's managing editor for global policy and regulation. He owns marginal amounts of bitcoin and ether.