Binance, the global cryptocurrency exchange, played a pivotal role in the arrest of a suspect linked to the ZKasino blockchain casino scam, which resulted in investors being defrauded of approximately $33 million and at least 10,515 $ETH being stolen. The Binance investigation team collaborated with the Dutch Fiscal Information and Investigation Service, leading to the arrest of a 26-year-old man in the Netherlands on May 3. This action followed community outrage over the scam. Additionally, Binance assisted in recovering over €11.4 million in stolen funds. In a related development, more than $20 million in bridged Ether or 6,021 wstETH was returned to ZKasino's wallet amid exit scam allegations.
DWF Labs calls market manipulation claims ‘competitor-driven FUD’ https://t.co/4x2c7yxxSd
We regret that misinformation has been spread regarding the @ZKasino_io project. We strongly reject @FIOD’s and @Binance’s claims that ZKasino has committed a so called ‘exit scam’ or ‘rug pull’. This is completely false and damaging to the ZKasino brand. After a clean audit…
Binance banned Tron Foundation for market manipulation, report https://t.co/Ig9z1Rx0Ym
In response to the WSJ report on DWF, Binance co-founder He Yi said that they have been monitoring the market makers and is very strict. She said that the competition between MMs is very shady and they buy PR to attack each other. All situations will be reported to the regulatory…
🚨 Binance responds to WSJ claims: 355,000 users banned In response to @WSJ, @binance highlights its enhanced market surveillance efforts. Over the last 3 years, the exchange offboarded nearly 355,000 users for terms violations, involving over $2.5 trillion in transactions.
In response to WSJ, we affirm our strict market surveillance program. We do not tolerate market abuse. Over the last three years, we have offboarded nearly 355,000 users with a transaction volume of more than $2.5 trillion for violating our terms of use. Market maker…
BINANCE REPORTEDLY ALLOWED MARKET MANIPULATION Binance Holdings Ltd. permitted certain users to exercise market manipulation through its exchange platform, The Wall Street Journal reported on Thursday citing insiders and internal documents it obtained
Binance Pledged to Thwart Suspicious Trading—Until It Involved a Lamborghini-Loving High Roller https://t.co/Zk9CZrBamT
DWF Labs denies report that it did $300 million of wash trading on Binance last year https://t.co/5eJSQwnQYw
WSJ: Binance relies on VIP customers for two-thirds of the platform's total trading volume. Investigators took out the Tron Foundation last summer. The monitoring team also recommended removing DWF. The head of Binance VIP complained. Binance's compliance department believed…
🚨DWF LABS ALLEGATIONS OF MARKET MANIPULATION - WHAT WE KNOW🚨 - @DWFLabs has now publicly responded to allegations that it engaged in market manipulation and wash trading. “many recent allegations reported in the press are unfounded and distort the facts… DWF Labs operates… https://t.co/VEXOlAlJHJ https://t.co/mMQE6PIJ1b
Binance Pledged to Thwart Suspicious Trading—Until It Involved a Lamborghini-Loving High Roller - WSJ
*BINANCE HAS OFFBOARDED NEARLY 355,000 USERS WITH TRANSACTION VOLUME OF $2.5 TRILLION FOR PLATFORM VIOLATIONS IN LAST THREE YEARS: WSJ - THE BLOCK PRO
BINANCE PLEDGED TO THWART SUSPICIOUS TRADING—UNTIL IT INVOLVED A LAMBORGHINI-LOVING HIGH ROLLER Binance's investigators found that DWF manipulated the price of YGG and at least six other tokens, and made over $300 million in wash trades in 2023, https://t.co/Tc7GLE51BH
Former Binance insiders say the firing of an internal investigator showed that the crypto exchange neglected evidence of market manipulation https://t.co/nnsq7Z35bm https://t.co/nnsq7Z35bm
OVER $20M IN BRIDGED $ETH RETURNED TO ZKASINO WALLET AMID EXIT SCAM ALLEGATIONS - More than $20 million in bridged Ether or 6,021 wstETH, was unexpectedly returned to ZKasino's multisignature wallet on May 9. - This occurred nearly three weeks after the blockchain-based… https://t.co/akpGz0uw0r https://t.co/R78xm3hENE
Binance, the top global crypto exchange has played a key role in assiting law enforcement to the arrest of the ZKasino scam suspect https://t.co/QnfdnSNUBy
#Binance is proud to have helped the Fiscal Information and Investigation Service recover over €11.4M in stolen funds following the ZKasino exit scam. This is part of our ongoing commitment to helping authorities identify bad actors. Read more 👇 https://t.co/Z32rKI4L6g
🔥 Binance Assists in Arrest of Suspect in ZKasino Fraud Case The @binance Investigation Team played a key role in the arrest of a suspect linked to the @ZKasino_io blockchain casino scam. On April 29, the Dutch Fiscal Information and Investigation Service arrested a… https://t.co/g6dUljdpY9
HOW BINANCE HELPED TO CATCH THE INFAMOUS ‘ZKASINO’ SCAMMER… - The @Binance exchange itself played a key role in helping authorities tackle the now-infamous ‘ZKasino’ scam which saw investors robbed of as much as $33 million. - The scam saw at least 10,515 $ETH stolen from more… https://t.co/f2PwNnmzjs https://t.co/4bpKLtSdwY
JUST IN: COMMUNITY ANGER PROMPTED @BINANCE TO EXAMINE THE 'ZKASINO' SCAM PLATFORM
According to Cointelgraph, the Binance investigation team stated that it studied all smart contracts of ZKasino, find out the actual controller and send the information to law enforcement. A 26-year-old man was arrested in the Netherlands on May 3 in connection with the ZKasino…