CEX, Lies and Videotape: Binance Accuses Rivals of Fighting Dirty

CEX, Lies and Videotape: Binance Accuses Rivals of Fighting Dirty


While many U.S. crypto exchanges are using the latest bull run to spruce themselves up in hopes of impressing institutional investors and regulators, China’s so-called “Big Three” centralized crypto exchanges (CEX) – Binance, Huobi and OKEx – are slinging mud at each other. 

The latest flap is over a bogus video that purports to show a single sell order of 21 million bitcoin on Binance on Jan. 4. The clip went viral last week on WeChat, a popular China-based social media platform.

A screenshot of the video viewed by CoinDesk highlighted a sell order of 21 million bitcoin at a price of $31,307.

The video, viewed by CoinDesk, claims that bitcoin’s price took a hit after the order was completed. Screenshots in a WeChat group’s chats show that some users appear to be furious, accusing Binance of “market manipulation.”

The angry reactions ignored the fact

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