7 details in the CFTC lawsuit against Binance you may have missed By Cointelegraph

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The surprise lawsuit from the Commodity Futures Trading Commission (CFTC) against crypto exchange Binance sent shock waves across the markets today.

In addition to allegations of market manipulation and a lack of compliance effort, the regulator has also accused the exchange of not cooperating with investigative subpoenas and obscuring the location of its executive offices. Binance has rejected many of the allegations.

Tokens labeled as commodities

CZ’s phone was accessed

Terrorist activity accusations

Excerpt from CFTC lawsuit. Source: District Court of Northern District of Illinois

One man at the top

Excerpt from CFTC lawsuit. Source: District Court of Northern District of Illinois

VIP program perks

Excerpt from CFTC lawsuit. Source: District Court of Northern District of Illinois

Ignoring U.S. regulatory requirements

Excerpt from CFTC lawsuit. Source: District Court of Northern District of Illinois

Fines and injunctions