The CFTC sued Binance and its boss Changpeng "CZ" Zhao Monday.Photo by Pedro Fiúza/NurPhoto via Getty Images The Commodities Futures and Trading Commission sued Binance on Monday. It alleges that Binance staff knew its compliance efforts were just "for show" and that it was possibly facilitating transactions by Palestinian militants and Russian criminals. Here are seven shocking allegations from the CFTC's lawsuit. The Commodities Futures and Trading Commission's 74-page complaint against Binance contains some staggering allegations about how the world's largest crypto exchange tried to dodge US regulators.The government agency sued Binance, its CEO Changpeng "CZ" Zhao, and its former chief compliance officer Samuel Lim on Monday for violating US financial laws.In its filing, the CFTC said that the crypto giant had breached eight provisions of the Commodity Exchange Act – and requested that an Illinois court place monetary costs on the exchange, as well as ban it from registering and trading in the US.