U.S. investigations into Binance Holdings Ltd. have expanded, with authorities now examining possible insider trading and market manipulation — the latest sign that scrutiny of the world’s largest cryptocurrency exchange is intensifying.
As part of the inquiry, U.S. officials have been looking into whether Binance or its staff profited by taking advantage of its customers, said people with knowledge of the matter who asked not to be identified because the probe is confidential. The review involves Commodity Futures Trading Commission investigators, who in recent weeks have been reaching out to potential witnesses, one of the people said.