Binance Used 300 In House Accounts To Trade Against Its Customers!
As per report in Aljazzera It came to the light that Binance used 300 accounts directly or indirectly owned by Zhao with access to key information and traded against its customers!
Follow the link to reed the full document:
https://www.aljazeera.com/economy/2023/3/28/us-regulator-sues-top-crypto-exchange-binance-ceo
This is terrible news if proven truth and for such big exchange as Binance this is definitely a big blow!
Although I am a big fan of Binance when it comes to fees and seamless withdraws to bank account, I find this information to be somehow concerning - should I start to look for an alternative exchange to Binance? The internet is raging from left and right about this! However, BNB doesn’t seem to suffer a lot from this as the chart looks pretty stable. And even better - it is forming an ascending triangle!
Here I have included screenshot of Ascending Triangle from Investopedia for all of you folks just to see and compare if you have read the comment of some “smart” person down below. lol
Could the price action of BNB could somehow be delayed to the news, or is it that Binance and BNB got so immune to any kind of negative news that there is no point to be concerned?
I have mixed feelings about this!
