Cryptocurrency Q&A
Did Binance manipulate foreign exchange rates?
Did Binance manipulate foreign exchange rates?
EnchantedSoul
Fri Feb 21 2025
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6
answers
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I heard some rumors that Binance, a popular cryptocurrency exchange platform, might have manipulated foreign exchange rates. I'm curious if there's any truth to these claims. Did Binance really manipulate the rates, and if so, how did they do it?
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6 answers
amelia_jackson_environmentalist
Sun Feb 23 2025
Allegations have emerged claiming that Binance manipulated foreign exchange rates.
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CherryBlossomFalling
Sun Feb 23 2025
Earlier in the week, two Binance executives were arrested in Nigeria in connection with these allegations.
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HallyuHeroLegend
Sun Feb 23 2025
The accusations state that Binance engaged in currency speculation and rate-fixing activities.
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Martino
Sun Feb 23 2025
These alleged actions have reportedly led to the naira losing nearly 70% of its value in recent months.
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Martino
Sun Feb 23 2025
The impact of these manipulations has been significant on the Nigerian currency.
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