- Value investor Mike Alfred has accused Binance and its CEO Changpeng Zhao of illegally manipulating Bitcoin’s price through wash trading.
- In a series of tweets, Alfred warned that Binance was selling Bitcoin to inflate Binance Coin (BNB).
- He argues that these tactics call into question Binance’s trustworthiness.
Value investor Mike Alfred levied accusations that Binance and CEO Changpeng Zhao are illegally manipulating Bitcoin’s price through practices like wash trading. He also warned that Binance was selling Bitcoin to inflate BNB.
In a series of tweets, Alfred stated that everyone knows with certainty that SBF and Caroline were manipulating the price of Bitcoin using customer funds. But “STILL naive clowns on the internet don’t think the ‘Wash Trading King’ CZ is capable of it. Insane, “ Alfred concluded.
We now know with certainty that SBF and Caroline were manipulating the price of BTC using customer funds.And STILL naive clowns on the internet don’t think the “Wash Trading King” CZ is capable of it. Insane. https://t.co/FyypkytDWn
— Mike Alfred (@mikealfred) October 11, 2023
Alfred argued that if Zhao is willing to deploy these ta…
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