Zhao Changpeng responded again: Multiple allegations from the CFTC are not factual

ChainCatcher news, Binance founder Zhao Changpeng published an article responding to the lawsuit from the Commodity Futures Trading Commission (CFTC): Binance has cooperated with the CFTC for more than two years, and after preliminary review, the lawsuit seems to contain incomplete factual statements. We disagree with many descriptions of issues, including compliance technology and the prohibition of access for U.S. users, cooperation and transparency with law enforcement, and trading, among others.

It was disclosed that Binance currently has a compliance team of over 750 people, many of whom have backgrounds in law enforcement and regulatory agencies. To date, they have handled over 55,000 law enforcement requests and assisted in freezing/seizing over $125 million in funds, with $160 million frozen/seized just in 2022 and 2023. Additionally, Zhao Changpeng stated that he has two accounts at Binance: one for the Binance card and one for cryptocurrency holdings. (source link)