Hyperliquid lobbying group CEO on Binance hack: Crypto trading platforms operating under CFTC regulation are the safest
Oct 31, 18:20
October 31 - Jake Chervinsky, CEO of the Hyperliquid advocacy group Hyperliquid Policy Center, posted that the Binance theft incident once again demonstrates that crypto trading platforms operate best and most securely under CFTC regulation.
He cited CFTC Chairman Michael Selig's remarks when announcing the Reg CTX/CAM advance notice of proposed rulemaking (ANPRM), pointing out that when the offshore FTX trading platform went bankrupt, customer assets held by its CFTC-registered subsidiary remained segregated and safe.