CEO from Binance rejects CFTC allegations of market manipulation
The Commodities and Futures Trading Commission personally submitted a lawsuit against Binance and CZ yesterday and made several accusations on different fronts. One that striked and is much discussed in the community is that Binance and CZ acted on the platform:… ZHAO is the direct or indirect owner of companies who have operated self-retail activities on the Binance platform, including Merit Peak Limited and Sigma Chain AG, and Zhao is the direct or indirect owner of around 300 separate Linance accounts that Have operated self-trade activities on the Binance trading platform. In response to some of the allegations, CZ said that Binance, Com not from ...

CEO from Binance rejects CFTC allegations of market manipulation
The Commodities and Futures Trading Commission personally submitted a lawsuit against Binance and CZ yesterday and raised several accusations on different fronts.
One that noticed and is much discussed in the community is that Binance and CZ acted on the platform:
… ZHAO is the direct or indirect owner of companies who have operated self-trade activities on the Binance platform, including Merit Peak Limited and Sigma Chain AG, and ZHAO is the direct or indirect owner of around 300 separate bony accounts that have operated self-trade activities on the Bony trading platform.
- In response to some of the allegations, CZ said that Binance, Com is not acting for profit reasons or manipulating the market, confirmed that it was in numerous situations.
- For example, he made it clear that the income of the company in crypto and that they have to convert them from time to time to cover the expenses in Fiat or in another crypto.
- He also said that they have connected companies that provide liquidity for less liquid couples and that they are monitored "not to make any big profits, especially".
- In addition, he also confirmed that he has two accounts at Binance - one for his crypto stands and one for his Binance Card. He said that from time to time he has to convert crypto to cover his personal expenses.
- The CEO of Binance also repeated that they have a 90-day no-day trading rule for their employees, which means that they are not allowed to sell COIN within 90 days after the last purchase or vice
- You can find the complete answer here.
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