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Binance Hack Shows Why Offshore Exchanges Need US Oversight, CFTC Chair Says

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Decrypt
By Decrypt Staff
10/30/2026, 9:16:04 PM
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Binance Hack Shows Why Offshore Exchanges Need US Oversight, CFTC Chair Says
EXECUTIVE SUMMARY

Michael Selig said the record $6.4 billion theft shows why offshore exchanges should register with the CFTC and adopt U.S.-grade cybersecurity standards.

Key Takeaways

  • Binance Hack Shows Why Offshore Exchanges Need US Oversight, CFTC Chair Says.
  • Michael Selig said the record $6.4 billion theft shows why offshore exchanges should register with the CFTC and adopt U.S.-grade cybersecurity standards.
  • Michael Selig said the record $6.4 billion theft shows why offshore exchanges should register with the CFTC and adopt U.S.-grade cybersecurity standards.

Michael Selig said the record $6.4 billion theft shows why offshore exchanges should register with the CFTC and adopt U.S.-grade cybersecurity standards.

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