“Binance does not engage in or tolerate wash trading, which is a violation of our terms of use, nor has it ever done so. Binance has a dedicated Market Surveillance team that is responsible for reviewing surveillance related to potential abusive and/or manipulative behavior including wash trades and trade price manipulation. The Market Surveillance team utilizes surveillance models and a team of experienced surveillance professionals to detect and prevent market abuse,” Binance’s spokesperson said.
Source: https://www.coindesk.com/markets/2023/07/24/bitcoin-drops-to-29k-as-wsj-ratchets-up-binance-issues-china-warns-of-torturous-recovery/?utm_medium=referral&utm_source=rss&utm_campaign=headlines