In response to the Wall Street Journal report, Binance said on the X platform that the platform implements strict market monitoring procedures and does not tolerate any market abuse. In the past three years, the platform has removed nearly 355,000 users for violating the terms of use, involving more than $2.5 trillion in transactions.
Binance emphasized that there is fierce competition among market makers and that its investigation team’s responsibility is to remain neutral, review all evidence impartially, ensure healthy competition within the industry, and protect users from market manipulation.
