CZ: Disagrees with many of the descriptions of various issues in the civil lawsuit despite cooperating with CFTC for over two years.

BlockBeats reported on March 28th that Binance CEO CZ responded to the CFTC's lawsuit on the official website, stating that Binance has been working with the CFTC for over two years and is disappointed with the civil lawsuit. "After preliminary review, the lawsuit seems to contain incomplete factual statements, and we disagree with the description of many issues," including compliance technology and the prohibition of US users from accessing the platform, cooperation and transparency with law enforcement agencies, registration and licensing, and trading, among others. It was also disclosed that Binance's current compliance team has more than 750 members, many of whom have backgrounds in law enforcement and regulatory agencies, and has processed more than 55,000 law enforcement requests to date, assisting US law enforcement agencies in freezing/seizing over $125 million in funds in 2022 and $160 million in 2023. In addition, CZ stated that he has two accounts at Binance: one for Binance Card and another for cryptocurrency assets. Binance has a policy of "90-day trading prohibition" for employees, which prohibits them from selling cryptocurrency within 90 days of purchase, and vice versa. Binance also prohibits employees from engaging in futures trading. CZ stated that he himself strictly adheres to these policies and has never participated in Binance Launchpad, Earn, Margin or futures trading.