🤓 Yi He Comments on WSJ Article About Binance's Ties with DWF

❗️ WSJ: Binance Ignored Evidence of Market Manipulation by DWF Labs

🏢 The Wall Street Journal reported that the investigative team of the cryptocurrency exchange Binance found evidence of market manipulation by DWF Labs, but the exchange ignored it.

🔍 According to the report from Binance investigators, DWF manipulated the prices of several tokens and laundered about $300 million in 2023, but Binance decided that the evidence of market abuse was insufficient. It is noted that the head of the team was fired a week after submitting the report.

👥 A representative of the exchange reported that over the last three years, Binance has disabled nearly 355,000 users with a transaction volume of over $2.5 trillion for violating terms of use.

💬 "Binance categorically rejects any claims that its supervision program allowed market manipulation on our platform. We have a robust market surveillance system that detects and takes actions against market abuses," Binance stated.

🧐 In response to the WSJ article, DWF Labs stated that the accusations are "unfounded and distort the facts."

#Binance #WSJ #WallStreetJournal #DWFLabs