Following the approximately $6.3 billion hack that struck Binance, US President Trump stated on October 30th that he was looking into the incident and mentioned that Binance had promised to ensure users' funds were compensated. CFTC Chairman Michael Selig pointed out that Binance, as an offshore exchange not subject to US federal regulation, lacks the existing protections available in the US financial market, highlighting the necessity for regulation of the crypto market. Blockchain analytics firm TRM Labs and others attributed the attack to the North Korean hacking group TraderTraitor. https://wublock123.com/news/trump-reacts-binance-63b-hack-cftc-calls-tighter-regulation-71055