Binance co-founder Changpeng Zhao has denied allegations by the Commodity Futures and Trading Commission (CFTC) of willfully violating US laws.
According to multiple media sources, CFTC filed a civil enforcement action in a federal court in Chicago. Allegedly, Zhao violated CFTC regulations and Commodity Exchange Act laws, and the former chief compliance officer assisted him in doing so.
“Defendants have disregarded applicable federal laws while fostering Binance’s US customer base because it has been profitable for them to do so,” the complaint said. In his blog post, Zhao claimed the allegations unexpected and disappointing. He also said that the complaint contains an 'incomplete recitation of facts' and that the company disagrees with many of the issues raised in the complaint.
Blink Digital To Participate In Metaverse Fashion Week 2023
Blink Digital, a digital agency, said it will participate in the Metaverse Fashion Week 2023 from March 28-31, 2023. In a statement, the company said it has created a “structure” called “The Chrysalis,” wherein Blink Digital’s Web3.0 work will be showcased.
It said that each NFT wearable represents a Web3.0 campaign that Blink Digital has worked on, for brands such as Amazon, OnePlus, Blenders Pride Glassware Fashion Tour, Pernod Ricard, Yashoda Hospitals, and KFC.
“Our aim is to bridge our brands and users by creating experiences but being a part of community events on the platforms we partner with is something,” Amer Ahmad, director of technology, Blink Digital, said.