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Topic: Are Binance guilty of market manipulation? (Read 46 times)

newbie
Activity: 41
Merit: 0
September 18, 2024, 03:31:12 PM
#3

Did you guys see the recent accusations against Binance regarding market manipulation and corruption? Binance apparently listed two different tokens with the same tickers, NEIRO and caused a lot of confusion and people claim it's market manipulation

NEIRO surged 1100% price increase and quickly fell back to $0.0002, a 60% decrease, leaving a larger wick on the 15-minute chart during this whole situation. Big messup from Binance ngl, looks like market manipulation and insider trading to me lol. They should do whatever they want anyways, I don't use them lmaoo. They left my country last year, had to look for alternatives and I'm happy I did. They have been involved in a fair share of scandals this past year

Source: https://x.com/YazanXBT/status/1835644577211924707

That's just not cool. I knew someone that lost some money with this. He longed the original neiro and the alleged binance manipulations made the token dump.. like you I like to trade with a platform that distances themselves from these kinds scenario. Thought it's difficult to fully trust exchanges but I think Bitget has been solid in recent times. I hope they continue in this path & not deviate. Has Binance reacted to this claim?.
hero member
Activity: 882
Merit: 1873
Crypto Swap Exchange
September 18, 2024, 07:44:41 AM
#2
I unfortunately believe over half of the Centralized Exchanges are doing Insider Trading and other illegalities or immoralities.  There are Exchanges who do and nobody imposed consequences for their actions.  Then there is Binance who seems to be the boxing bag of Regulations and Control now.

New Token listings are known to have this effect, particularly if there is little interest in it for the Token itself but a lot of interest for the Profits.  I remember there was one Exchange many years ago who used to list all sorts of Cryptocurrencies that never even existed in the first place.  Exactly what you described happened.  Everybody was hyped up, the smarties and the Inside Traders purchased early and sold immediately with hundreds of percent in Profit.

Old strategy, still works.
newbie
Activity: 28
Merit: 0
September 18, 2024, 02:59:05 AM
#1

Did you guys see the recent accusations against Binance regarding market manipulation and corruption? Binance apparently listed two different tokens with the same tickers, NEIRO and caused a lot of confusion and people claim it's market manipulation

NEIRO surged 1100% price increase and quickly fell back to $0.0002, a 60% decrease, leaving a larger wick on the 15-minute chart during this whole situation. Big messup from Binance ngl, looks like market manipulation and insider trading to me lol. They should do whatever they want anyways, I don't use them lmaoo. They left my country last year, had to look for alternatives and I'm happy I did. They have been involved in a fair share of scandals this past year

Source: https://x.com/YazanXBT/status/1835644577211924707
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