{"id":8505,"date":"2021-08-23T23:30:41","date_gmt":"2021-08-23T22:30:41","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=8505"},"modified":"2021-08-23T23:30:51","modified_gmt":"2021-08-23T22:30:51","slug":"we-have-never-manipulated-the-market-binance","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/we-have-never-manipulated-the-market-binance\/","title":{"rendered":"We have never manipulated the market – Binance"},"content":{"rendered":"\n
Binance cryptocurrency exchange, is fighting accusations of market manipulation<\/a> and operating against its users' best interests. The exchange hinted of taking legal actions.<\/h5>\n\n\n\n
\"Binance<\/figure><\/div>\n\n\n\n

Binance appeared to place the blame for any charges of crypto market\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> manipulation on outlets that create fear, anxiety, and doubt, as well as those impersonating staff at the exchange, in a Monday Twitter conversation.<\/p>\n\n\n\n

The company stated that it “reserves the right to take legal action to safeguard its interests,” but that it is not opposed to “responsible whistle-blowing that respects our community's confidence.”<\/p>\n\n\n\n

The exchange stated, \u201cBinance has never traded against our users or manipulated the market, and we will never do so.\u201d<\/p>\n\n\n\n

It's unclear whether the exchange was referring to a specific instance, but it comes after a Twitter user using the handle RealFulltimeApe claimed on Aug. 21 that Binance “keeps an overview of big liq levels and purposefully pumps\/dump the price to take them out for profit.”<\/p>\n\n\n\n

The person claims to be a former “big data engineer<\/a>” at the exchange and promises to “provide proof soon,” but no proof has been supplied as of publication.<\/p>\n\n\n\n

“I have many audio and video recordings inside the office where management is CLEARLY discussing about ‘quickly' liquidating overleveraged ‘longs and shorts' before allowing price to continue up\/down, in order to raise the firms' insurance fund and profits,” the individual stated.<\/p>\n\n\n\n

Authorities in a number of countries, including Italy, Malaysia, Poland, Germany, the United Kingdom, the Cayman Islands, Thailand, Canada, Japan, Singapore, and the Netherlands, have issued warnings to investors about Binance Holdings Limited or claimed it was operating unlawfully.<\/p>\n\n\n\n

As a result of the regulators' warnings, certain financial institutions are unlikely to enable consumers to transmit money<\/a> to the exchange.<\/p>\n\n\n\n

More than one class-action complaint has been filed against the exchange, alleging that it breached its futures trading guidelines.<\/p>\n\n\n\n

Lexia Avvocati, an Italian legal and consulting firm, announced in July that it was representing investors who had lost \u201ctens of millions\u201d of dollars due to the crypto exchange going offline for several hours on different days, preventing them from managing their trading positions and viewing their balances.<\/p>\n\n\n\n

In a separate class action lawsuit filed in August, Liti Capital, a Swiss-based litigation funding source, made identical allegations.<\/p>\n","protected":false},"excerpt":{"rendered":"

Binance cryptocurrency exchange, is fighting accusations of market manipulation and operating against its users’ best interests. The exchange hinted of taking legal actions. Binance appeared to place the blame for any charges of crypto market manipulation on outlets that create fear, anxiety, and doubt, as well as those impersonating staff at the exchange, in a […]<\/p>\n","protected":false},"author":12,"featured_media":8396,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[834],"tags":[326,3978,231],"class_list":["post-8505","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-binance","tag-binance","tag-manipulation","tag-market"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/08\/Binance-stops-futures-trading-for-Brazillian-clients.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/8505","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=8505"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/8505\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/8396"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=8505"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=8505"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=8505"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}