![]() A spokesperson for Binance.US emphasized the company’s belief that the SEC’s allegations regarding wash trading lack any factual basis. The SEC further claims that the day after the exchange’s launch, nearly 70% of trading volume for a specific token was a result of wash trading between Sigma Chain accounts and accounts belonging to Zhao and other senior employees.īinance.US vehemently refutes these accusations, firmly stating that the claims are based on a misinterpretation of facts and an erroneous application of the law. Read More: Federal Reserve Steps in to Address SEC Lawsuit Against Binance and CEO CZ Binance.US Caught in the Eye of the StormĪccording to the SEC, Binance.US, ever since its inception in 2019, has been boosting its trading volumes through a Swiss trading company known as Sigma Chain, which is under the control of Binance’s Chief Executive, Changpeng Zhao. ![]() Spamming the feed is unfair to other users and will result in a ban.Wash trading is where some bitcoin billionaire has 2 wallets, they "trade" to them self, to show market volume that really didn't happen, falsely inflating the market.- Friday Jams.mp4 June 5, 2023 Following the format helps us classify and identify the issues, escalate them to our relevant departments and get everyone’s problems resolved. Please follow the format stated above, your case cannot be escalated if you do not follow this process and your comment may be removed. If you experience issues with withdrawing remaining funds, follow the above steps to get to our live chat queue - our agents will try our best to assist you with the offboarding.ĥ. US persons accessing old accounts for offboarding & withdrawal of funds
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