đ Binance in hot water again? đ€ WSJ report alleges Binance fired an investigator who exposed market manipulation by client DWF Labs. Binance denies, insisting they have a strict market surveillance program.
đ The investigator found Binance's VIP clients, including DWF Labs, engaged in wash trading & pump and dump schemes. DWF Labs, accused of manipulating the price of YGG token & six others, processed $300M in wash trades in 2023.
đ Binance reportedly fired the investigator a week after the findings were submitted. Binance claims the allegations against DWF Labs were not "fully substantiated."
đ« Binance & DWF Labs refute the report. Binance stresses intolerance to market abuse, stating it off-boarded 355,000 users in the past 3 years for violating terms of use. DWF Labs calls the allegations "unfounded."
Thoughts on this? Let's chat below! đ #DeFi #CryptoNews