After the cryptocurrency exchange Binance accidentally closed derivative positions of some Australian users, an investigation was launched by the Australian Securities and Investment Commission (ASIC).
Australian regulatory agency ASIC In a recent statement, Some users of Binance announced that they were investigating after accidentally closing derivative positions. An ASIC spokesperson said that the review by the regulatory agency indicates that Binance “classification of retail customers and wholesale customers” Said it contains.
On the other hand, in the statement, Binance told Australian regulators about what happened. no official statement highlighted:
ASIC is aware of social media posts stating that Binance mistakenly classified a group of Australian users as wholesale investors. Binance has yet to notify ASIC of this matter in accordance with its obligations under the Australian Financial Services License.
Binance announced that at noon yesterday, retail investors, who were mistakenly registered as qualified investors in Australia, closed their derivative positions by outside intervention. Exchange, damages will be compensated added to the description.