Crypto Exchange Binance Fired Investigator Who Uncovered Market Manipulation at Client DWF Labs: WSJ

The Binance investigators submitted a report alleging DWF had manipulated the price of several tokens on the back of $300 million of wash trades in 2023, but Binance deemed there was insufficient evidence of market abuse, the WSJ said. A week after the report’s submission, the head of the team was fired, according to the newspaper.