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Binance Refutes Market Manipulation Allegation

Mary Liu

Summary: Regarding the accusation of market manipulation made by a self-proclaimed former employee, the cryptocurrency exchange Binance tweeted: "Binance has never traded against our users nor manipulated the market, and we never will." August 21, the Twitter account "RealFulltimeApe", who claims to be a former big data engineer at Binance, stated that Binance is conducting reverse ...

Regarding the accusation of market manipulation made by a self-proclaimed former employee, the cryptocurrency exchange Binance tweeted: "Binance has never traded against our users nor manipulated the market, and we never will."

August 21, the Twitter account "RealFulltimeApe", who claims to be a former big data engineer at Binance, stated that Binance is conducting reverse transactions and liquidating its users, he claims to have "multiple audio and video files" to prove but no evidence has been provided.

"Binance reserves the right to take legal action to protect its interests and welcomes responsible whistle-blowing that protects the trust of our community," Binance added in the announcement.

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