Crypto Today: Binance Break-In; CFTC Adds Execs; WLFI Plans FX
Developments in the crypto sector on Thursday included Binance confirming a home invasion involving an employee in France, the U.S. Commodity Futures Trading Commission expanding its Innovation Advisory Committee with additional crypto executives, and World Liberty Financial outlining plans to offer foreign exchange and remittance services.
Binance says employee targeted; three suspects arrested after attempted break-ins in France
Three suspects were arrested in France following a reported break-in targeting the residence of a senior figure at Binance’s French unit, with the company confirming that one of its employees was the victim of a home invasion.
Local outlet RTL, citing anonymous police sources, reported that three hooded, armed individuals attempted to enter an apartment in Val-de-Marne around 7:00 am CET Thursday.
According to RTL, the suspects first forced their way into another resident’s apartment, demanding to be directed to the home of the head of Binance France. The suspects then searched the premises and stole two mobile phones before fleeing.
Roughly two hours later, the three were arrested during a second attempted home invasion in Hauts-de-Seine after residents notified authorities, RTL reported. Police recovered the stolen phones and a vehicle that RTL said linked the suspects to the earlier incident.
Binance confirmed the incident but declined to identify the employee. “We are aware of a home break-in involving one of our employees. There is an ongoing investigation with the local police,” a Binance spokesperson said. “The safety and well-being of our employees and their families is our absolute priority. We are working closely with law enforcement and further enhancing appropriate security measures.”
Source: Yi He
CFTC expands Innovation Advisory Committee, adds multiple crypto industry executives
Commodity Futures Trading Commission chairman Mike Selig said on Thursday that the agency has broadened its Innovation Advisory Committee, which helps shape the regulator’s policies, adding a number of crypto executives to the 35-member panel.
Selig said the committee will “ensure the CFTC’s decisions reflect market realities” and enable it to “develop clear rules of the road for the Golden Age of American Financial Markets.”
Of the 35 members, 20 are affiliated with crypto-related companies, while at least five are tied to prediction markets. The group includes Polymarket CEO Shayne Coplan, Kalshi CEO Tarek Mansour, Coinbase CEO Brian Armstrong and Ripple CEO Brad Garlinghouse, among others.
The panel also features executives from traditional finance firms including Nasdaq, Intercontinental Exchange, Cboe Global Markets and CME Group.
The appointments come as Selig has indicated the CFTC will take a more receptive stance toward crypto and has begun coordinating with the Securities and Exchange Commission on sector oversight.
Source: Mike Selig
Trump family-backed WLFI plans foreign exchange and remittance services: report
World Liberty Financial (WLFI), a decentralized finance platform backed by the family of U.S. President Donald Trump, announced on Thursday that it intends to introduce foreign currency exchange and remittance services for users.
The proposed platform, World Swap, aims to compete with established remittance and FX providers through lower fees and a simplified user interface, according to Reuters.
No specific launch timeline was provided.
The move follows WLFI’s application for a national trust bank charter in January and the launch of World Liberty Markets, a lending platform, amid increased scrutiny from Democratic lawmakers in the United States.
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