Benzinga - Binance CEO Changpeng Zhao — better known as “CZ” — has responded to suspicions about the "abnormal price movements" of certain trading pairs on the exchange.
What Happened: On Sunday, Binance noticed unusual price changes for certain trading pairs that included Sun Token (CRYPTO: SUN), Ardor (CRYPTO: ARDR), Osmosis (CRYPTO:OSMO), FUN Token (CRYPTO: FUN) and Golem (CRYPTO:GLM) tokens, and launched an investigation.
Nearly 40 minutes in, Zhao declared that the alterations “look like market behavior" and did not appear to be caused by hacked accounts or stolen API keys.
In CZ’s words: “One guy deposited funds and started buying. (Hackers don’t deposit). Other guys followed. Can’t see linkage between the accounts.”
We temporarily locked withdrawals on some of the profiting accounts, which caused a lot of complaints on social media, all from different countries. 2/3 https://t.co/nWSBhn3GrE— CZ