Trading and market-making firm DWF Labs has denied reports that it engaged in $300 million of wash trading on Binance in 2023.
Crypto trading and market-making firm DWF Labs denied reports that it engaged in $300 million of wash trading on Binance in 2023.
In late 2023, this surveillance team claimed that DWF Labs had manipulated the price of the YGG token and at least six other tokens, the WSJ said, and processed more than $300 million of wash trades that year — recommending the client be removed. The article also reiterated previous reporting by The Block that DWF Labs offered clients the ability to drive up the prices of their tokens and create "artificial volume," according to documents it had provided to clients.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Binance denies reports of DWF Labs market manipulationBinance has denied the latest allegations surrounding alleged market manipulation from DWF Labs.
Read more »
Binance Labs backs Movement Labs' mission to bring Facebook's Move to Ethereum and beyondMovement Labs has announced an investment from Binance Labs in addition to the $38 million raised in its Series A round.
Read more »
Zignaly Announces Cosmos-Based ZIGChain, $100M Ecosystem FundZIGChain's ecosystem fund is backed by DWF Labs.
Read more »
Best Buy just knocked $300 off this 85-inch Sony 4K TVLooking for a great TV to fill out your living room? Best Buy has the Sony 85-inch X80K 4K TV down to $1,300 for a limited time.
Read more »
DraftKings + Hard Rock Bet promo code: Get $300 NBA Play-In Tournament bonusesAny prospective bettor who signs up for the latest DraftKings promo code will be able to turn a $5 wager into a $200 bonus win or lose. Players in Arizona,
Read more »
DraftKings + Hard Rock Bet promo code: Secure $300 in Monday bonusesIf you want to secure a $200 bonus win or lose, signing up for the latest DraftKings promo code offer is the way to go. You can also get your first bet of up
Read more »