So Binance is being sued by the CFTC (USA) for basically having a 'secret' in-house trading desk with 300 accounts.
This states that Binance is basically trading against all of their users, with their 'quant' desk using private transactional data.
It seems they also "sold" it to "Merit Peak" and "Sigma Chain".
tl;dr - Binance has an insider trading desk with data to all of your stops and have been trading against you for years. (duh)
I've stated over and over that Binance is no different than Bitmex.
So Binance is being sued by the CFTC (USA) for basically having a 'secret' in-house trading desk with 300 accounts.
This states that Binance is basically trading against all of their users, with their 'quant' desk using private transactional data.
It seems they also "sold" it to "Merit Peak" and "Sigma Chain".
tl;dr - Binance has an insider trading desk with data to all of your stops and have been trading against you for years. (duh)
I've stated over and over that Binance is no different than Bitmex.
Today we charged Kraken with failing to register the offer and sale of their crypto asset staking-as-a-service program, whereby investors transfer crypto assets to Kraken for staking in exchange for advertised annual investment returns of as much as 21 percentToday we charged Kraken with failing to register the offer and sale of their crypto asset staking-as-a-service program, whereby investors transfer crypto assets to Kraken for staking in exchange for advertised annual investment returns of as much as 21 percent.