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Cryptopolitan 2021-08-24 16:57:26

Binance exchange alleged of market manipulation

TL;DR Breakdown Binance alleged of market manipulation.Exchange firm debunks allegation, blames imposters.Binance underfire from many regulators across countries. Number one crypto firm Binance exchange has been alleged of manipulating the cryptocurrency market.  A pseudonymous Twitter user over the weekend with the name RealFulltimeApe alleged in its words that Binance “keeps an overview of big liq levels and purposely pumps/dumps the price to take them out for profit.” The unknown user in the tweet said he used to work with Binance exchange as a big data engineer and would soon provide proof. However, no proof has been provided since the tweet.  “I have multiple audio and video files inside the office in which management is CLEARLY talking about ‘quickly’ liquidating the overleveraged ‘longs and shorts’ before allowing price to continue up/down, in order to increase the companies’ insurance fund & profits,” claimed the user. The user, however, has deleted these tweets at press time and the account has been taken down too.  Binance exchange responds to market manipulation allegations As expected Binance exchange vehemently objected to the allegation noting that they have never worked against the interests of their users.  Binance exchange in a tweet on Monday stated that its core importance is on clients experience and trading integrity.  Upon learning ab...

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