-
DWF Labs denies report that it did $300 million of wash trading on Binance last year
Crypto trading and market-making firm DWF Labs denied reports that it engaged in $300 million of wash trading on Binance in 2023. "It has come to our attention that a recent article contains many allegations that we believe to be unfounded and that do not accurately represent our ethical business practices," DWF Labs said in its Telegram channel. The Wall Street Journal alleged that when Binance hired a raft of top investigators in 2022, they found evidence of rampant market manipulation on the exchange, citing sources. At the time, these investigators recommended removing several hundred users for violating ... (full story)