Law and Order Binance Hack Shows Why Offshore Exchanges Need US Oversight, CFTC Chair Says By Coin Gazette Editorial October 30, 2026 1 Min Read Comments Off on 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.