.cz_binance linked to 300 proprietary trading accounts of Binance and has two 'individual ones,' CFTC claims. caprioleio
In a recent conversation on Twitter under a tweet by analyst and founder of Capriole Investments Charles Edwards, it was mentioned that the head of Binance, Changpeng Zhao, had been using proprietary trading accounts to conduct operations against Binance users.
According to the file, CZ is"the direct or indirect owner of entities that have engaged in proprietary trading activity on the Binance platform." It adds that CZ has been trading on Binance using"two individual accounts." Besides, Binance does not warn customers anywhere that it actually conducts trading operations against them on the same exchange, the filing says.and CZ have been violating U.S. rules concerning trading derivatives for years. CZ published a blog post in response to the allegations, stating that he and the Binance team do not agree to the"incompetent recitation of facts" by the regulator.
Binance looked at just a few issues raised by the CFTC in his article, including the constant cooperation of Binance with regulators over the past two years, its obligatory KYC verification of accounts and other big issues.They also go after the fact of manipulation and self-dealing, identifying there are more than 300"house accounts" owned by CZ, Merit Peak and Sigma chain used in proprietary trading and note it takes no reasonable anti-fraud or anti-manipulation steps.
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