CFTC Chairman: Binance Hack Again Proves Offshore Exchanges Need US Regulation On October 30, 2026, CFTC Chairman Michael Selig (@ChairmanSelig) stated in an interview that the Binance hack highlights the lack of security measures available to offshore crypto exchanges compared to the US financial market. He hopes to provide platforms with a federal registration option, requiring them to comply with relevant cybersecurity standards. He stated that the attack did not target the blockchain or on-chain contracts, and the traceability of on-chain transactions also contributes to regulation. Source: CNBC