Coinbase Exec Accuses Binance Of Crypto Price Manipulation

Coinbase Exec Accuses Binance Of Crypto Price Manipulation

The world’s largest cryptocurrency exchange Binance was in the crossfire of critics for a long time after the FTX collapse. In particular, there was harsh criticism because of an opaque proof of reserves issued by the auditing firm Mazars, which paused the cooperation with the exchange shortly thereafter.

Over the turn of the year, however, the criticism has become quieter and Binance has disappeared from the spotlight as DCG and Genesis became the crypto industry’s biggest headache. But Conor Grogan, Head of Product Business Operations at Coinbase, presented new serious allegations against Binance today.

In a Twitter thread, Grogan wrote that there is a “pattern of Binance front-running over 18+ months.” He found Binance-connected wallets which were buying $900.000 RARI seconds before the listing and

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