Binance, the largest cryptocurrency exchange by trading volume, has been accused of moving millions of dollars in digital assets to market maker Wintermute, raising concerns about market manipulation. Crypto commentator Marty Party claimed that Binance's transfers to Wintermute were part of an effort to manipulate the market and urged the crypto community to resist panic selling. Another analyst criticized Wintermute's operations, accusing the market maker of undermining decentralization and fairness. Critics argue that the close relationships between exchanges and market makers create opportunities for price manipulation and put retail traders at a disadvantage. Binance and Wintermute have not yet responded to the allegations.
Content Editor ( beincrypto.com )
- 2025-01-28
Binance Faces Scrutiny Over $20 Million Crypto Transactions to Wintermute Market Maker
