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“This proves our exact point in proposing regulations for crypto markets.
Cointelegraph quoted CFTC Chair Michael Selig as saying the hack proves the CFTC's point in proposing regulations for crypto markets.
This line is our short summary of the quote below. The quote is the evidence.
Cited in theories
- The timing of the theft was linked to other events: Context. CFTC Chair Selig says the hack proves the CFTC's point.
Other statements from the same source
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Cointelegraph reported that political and administration figures began offering opinions on the hack with a US election approaching on 3 November.
Soon after the $6.3 billion hack of Binance, the biggest in crypto history, some political and administration figures began offering their opinions with a US election approaching on Nov. 3 and voting already having begun in many locations.
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Cointelegraph reported that it was not clear whether there was any immediate political advantage to be gained from the hack, but that Republican and Democratic sides began staking out positions almost immediately.
It was not clear whether there was any immediate political advantage to be gained from the hack, which was widely attributed to a North Korean group, but Republican and Democratic sides began staking out positions almost immediately.
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Cointelegraph quoted Senator Cynthia Lummis as saying hackers stole more than $6 billion from Binance in less than 4 hours.
Yesterday, hackers stole more than $6 billion from Binance in less than 4 hours, the biggest heist in history.
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Cointelegraph quoted Senator Cynthia Lummis as saying the stalled Clarity Act would have given crypto firms legal cover to freeze suspicious transactions the instant law enforcement calls.
The Clarity Act would have given crypto firms legal cover to freeze suspicious transactions the instant law enforcement calls.