Stock Groups

U.S. probes possible insider trading at Binance


© Reuters. FILEPHOTO: This illustration, taken on August 6, 2021, shows a representation of cryptocurrency Binance. REUTERS/Dado Ruvic/Illustration/File Photo

(Reuters) – U.S. officials are examining possible insider trading and market manipulation at global cryptocurrency exchange Binance, Bloomberg News reported on Friday.

Authorities are looking into whether Binance or its staff profited by taking advantage of its customers, Bloomberg reported https://www.bloomberg.com/news/articles/2021-09-17/u-s-s-binance-probe-expands-to-examine-possible-insider-trading, citing people with knowledge of the matter.

Commodity Futures Trading Commission investigators are being reexamined. In recent weeks, they have also been reaching out for potential witnesses.

Binance released a statement saying that Binance has a zero tolerance policy on insider trading, and an ethical code that prohibits any kind of conduct that may have negative consequences for our industry or customers.

The CFTC wasn’t immediately available to comment.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. CFDs are stocks, indexes or futures. The prices of Forex and CFDs are provided only by market makers and are therefore not necessarily accurate. Fusion Media does not accept any liability for trade losses you may incur due to the use of these data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. You should be aware of the potential risks and financial costs involved in trading the financial market. It is among the most risky forms of investment.



Mike Robinson
Mike covers the financial, utilities and biotechnology sectors for Street Register. He has been writing about investment and personal finance topics for almost 12 years. Mike has an MBA in Finance from Wake Forest University.