Binance Fired Investigator Who Uncovered Market Manipulation at Client DWF Labs: WSJ
Summary
Binance fired a staff member who uncovered market manipulation evidence at DWF Labs, a client. The former staffer and team found that "VIP" clients were engaging in prohibited activities. DWF Labs was involved in significant trading and crypto project investments. Binance rejected claims of permitting market manipulation and dismissed the staff member after an inquiry. DWF Labs denied the allegations. Binance stated they do not tolerate market abuse and have offboarded numerous users for violating terms of use.
