From pexel, edited with text

Binance problem begins with Tracking and Withdrawal

By Yugocean | Crypto Champion | 12 Dec 2022


 
Withdrawal Problem 

Binance has suspended withdrawals from some profit-making accounts, which led to criticism on social media, but CZ assured that this suspension is only temporary. There is some investigation going on to check the strange movement of profits.


Trading Problem 

The prices of some trading pairs on Binance are showing unusual movement; on assets such as $SUN, $ARDR, $OSMO, $FUN, and $GLM, the Binance team has started investigating the accounts related to this price movement.


Investigation 

Initial investigation of suspicious accounts reveals normal market behavior of investing and trading in a normal manner, and people were just following trade signals.


No Hacking ... But 3 Commas is under hot soup

Binance has ruled out any hacking or use of stolen API keys, but 3 Commas is now facing suspicions. 


Centralisation Problem 

Also with recent behaviour on Withdrawal and Trading problem, people are accusing the concept of "too centralized." Yet, CZ is justifying this intervention by calling it the necessity of the free market.

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Yugocean
Yugocean

Judge me by my action. Personally everyone will do self praise,.


Crypto Champion
Crypto Champion

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