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.
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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Published originally on Decrypt
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