---
title: "Binance Hack Shows Why Offshore Exchanges Need US Oversight, CFTC Chair Says"
url: https://thecoingazette.com/binance-hack-shows-why-offshore-exchanges-need-us-oversight-cftc-chair-says/
date: 2026-10-30
modified: 2026-10-30
lang: en
author: "Coin Gazette Editorial"
description: "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."
categories:
  - "Law and Order"
image: https://ml4qjcb2qgrx.i.optimole.com/w:auto/h:auto/q:mauto/f:best/https://i0.wp.com/thecoingazette.com/wp-content/uploads/2026/05/logo-with-slogan-1.webp?fit=1400,960&ssl=1
word_count: 22
---

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

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.