1. Binance Australia Fined $6.9M After 524 Retail Investors Lose Millions on Unprotected Derivatives
Binance Australia has been hit with a $6.9 million penalty, a direct consequence of its admission that over 500 retail investors lost millions trading high-risk derivatives without the legally required safeguards. The fine underscores a critical regulatory failure, where the platform allowed 524 clients to engage in le...