DWF Labs was first hit by market manipulation accusations in September 2023.
Binance has denied the latest allegations surrounding alleged market manipulation from DWF Labs.
Allegations over DWF Labs’s alleged market manipulation have reemerged. An anonymous source claiming to be a former Binance insider said that Binance investigators uncovered $300 million worth of wash trading from DWF during 2023, according to a May 9 WSJ report.
When asked about the market manipulation incident, Binance denied the reports. A Binance spokesperson told Cointelegraph: