Binance Hack Shows Why Offshore Exchanges Need US Oversight, CFTC Chair Says

Crypto Insight Summary: Michael Selig said the record $6.4 billion theft shows why offshore exchanges should register with the CFTC and adopt U.S.-grade cybersecurity standards. Crypto Insight Analysis: Direction: Bearish BNB Impact: Major Impact Horizon: Mid-term (1-8 weeks) Reasoning: A record $6.4B hack raises regulatory pressure on Binance and offshore exchanges, weakening trust.