#Binance finally responds to traders online accusing the exchange of manipulating the market by ‘dumping’ millions of $SOL and $ETH tokens through #Wintermute.

In a recent post shared by the Binance #CustomerSupport account, Binance replied to a trader asking about the #OnChain data that showed Binance’s hot wallet “sending” millions of #Solana and #Ethereum tokens from its holdings on Feb. 24. The trader accused the exchange of “dumping on everyone” by offloading the tokens.

Responding to the comment, Binance denied accusations that it had “ #dumped” or “ #sold ” millions of tokens. It claimed that many traders have simply “misunderstood” the on-chain transactions linked to Wintermute.

“As an exchange, we simply help users match trades and we have no visibility into our users’ decisions, including market makers who may move their assets according to their strategies,” explained Binance in a recent post.

#Binance finally responds to traders online accusing the exchange of manipulating the market by ‘dumping’ millions of $SOL and $ETH tokens through #Wintermute.

In a recent post shared by the Binance #CustomerSupport account, Binance replied to a trader asking about the #OnChain data that showed Binance’s hot wallet “sending” millions of #Solana and #Ethereum tokens from its holdings on Feb. 24. The trader accused the exchange of “dumping on everyone” by offloading the tokens.

Responding to the comment, Binance denied accusations that it had “ #dumped” or “ #sold ” millions of tokens. It claimed that many traders have simply “misunderstood” the on-chain transactions linked to Wintermute.

“As an exchange, we simply help users match trades and we have no visibility into our users’ decisions, including market makers who may move their assets according to their strategies,” explained Binance in a recent post.

https://crypto.news/binance-addresses-dumping-eth-and-sol-accusations/