Binance began investigating suspicious behaviour on its platform after noticing abnormal price movements for certain trading pairs. Binance CEO later revealed that the price movements were just market behaviour.
Binance issued a notice about abnormal price movements for some trading pairs. The exchange began an investigation to narrow down suspicious accounts responsible for the issue. To investor’s relief, Binance’s investigation did not point to the possibility of compromised accounts or stolen API keys.
However, the exchange took a practical measure against possible manipulation. It temporarily blocked withdrawals for some accounts that made profits during the volatility, which according to CZ, sprouted complaints across social media.
Binance has confirmed to keep investors updated as soon as ongoing investigations reveal new information about the ongoing price movements.
