News Explorer — Binance Fired Investigator Who Reported Market Manipulation at DWF Labs: Report

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May 9, 10:51 am

Coindesk

Binance Fired Investigator Who Reported Market Manipulation at DWF Labs: Report

Binance reportedly fired a staff member who uncovered evidence of market manipulation at crypto investment firm DWF Labs. The former staffer and his team had been hired to track down signs of market manipulation as part of Binance's efforts to address regulatory scrutiny. The team submitted a report alleging that "VIP" clients at DWF were engaging in prohibited activities such as pump-and-dump schemes and wash trading. Binance, however, deemed the evidence insufficient and dismissed the head of the team. DWF claimed that the allegations were "unfounded."

Binance reportedly fired a staff member who uncovered evidence of market manipulation at crypto investment firm DWF Labs. The former staffer and his team had been hired to track down signs of market manipulation as part of Binance's efforts to address regulatory scrutiny. The team submitted a report alleging that "VIP" clients at DWF were engaging in prohibited activities such as pump-and-dump schemes and wash trading. Binance, however, deemed the evidence insufficient and dismissed the head of the team. DWF claimed that the allegations were "unfounded."

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