Security
Binance Hack Shows Why Offshore Exchanges Need US Oversight, CFTC Chair Says
Decrypt·October 30, 2026·1 min read
Michael Selig, CFTC chair, said the record $6.4 billion theft from Binance shows why offshore exchanges should register with the CFTC and adopt U.S.-grade cybersecurity standards. The hack underscores the need for regulatory oversight to protect investors and ensure exchange security.
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