Binance CEO CZ rejects allegations of market manipulation

Binance CEO Changpeng 'CZ' Zhao has rejected allegations from the Commodities Futures and Trading Commission, arguing that the crypto exchange "does not trade for profit or 'manipulate' the market under any circumstances." In a March 28 blog post, the chief executive responded to the CFTC’s lawsuit accusing Binance and CZ of engaging in improper compliance procedures and trading, calling the…