WSJ: Binance.US In Hot Water For Alleged Wash Trading Shenanigans

Binance.US, the American arm of the crypto giant Binance, is under the SEC’s microscope for alleged wash trading. 🛁

For those not in the know, wash trading is a naughty practice where an entity trades with itself to create the illusion of market activity. It’s like throwing a party and being the only one to show up, then telling everyone it was a rager. 

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