Cointelegraph quoted CFTC Chair Michael Selig as saying the hack proves the CFTC's point in proposing regulations for crypto markets.
“This proves our exact point in proposing regulations for crypto markets.
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An independent record of the October 2026 Binance hack
People. Chairman of the Commodity Futures Trading Commission
The statements below are attributed to this speaker by the cited sources. Appearing here is not an accusation.
“This proves our exact point in proposing regulations for crypto markets.
In the US, Commodity Futures Trading Commission (CFTC) chairman Michael Selig told reporters that “we have the ability to trace all this in the blockchain”. Speaking to CNBC, Selig said it was “very concerning” that there had been “several cyber incidents involving crypto” and the CFTC has regulations in place to prevent this sort of attack.