“Binance’s investigators found that DWF manipulated the price of YGG and at least six other tokens, and made over $300 million in wash trades in 2023, concluding these were violations of the terms of use, according to some of the former company insiders.”Ergo, Binance’s market surveillance report recommended removing DWF from the exchange’s VIP list to ensure the platform’s integrity.
According to the same, rejecting surveillance reports whenever they conflicted with prominent clients has apparently been a norm. “We want to clarify that many recent allegations reported in the press are unfounded and distort the facts.” “We work hard, do our best, and get larger share every day. Someone is not happy because of this, but we BUIDL. LFG!”paid $4 billion for flouting U.S anti-money laundering laws last year. Later, in 2024, former CEO “CZ” was sentenced to four months.Benjamin is a Telecommunication Engineering graduate who is passionate about crypto-markets and unraveling market trends.