Cryptocurrency

Binance pledged to thwart suspicious trading — until it involved a Lamborghini-loving high roller

Former company insiders say the firing of an internal investigator showed that the crypto exchange neglected evidence of market manipulation

Binance pledged to thwart suspicious trading — until it involved a Lamborghini-loving high roller
Photo: Getty Images/iStockphoto

When the US accused Binance last year of maximizing profits over protecting users, the company promised “unceasing efforts to deliver a safe and trusted platform.”

This was put to the test soon after when an internal investigation found a top client — a firm run by a Lamborghini-loving crypto trader — was manipulating markets.

WSJ Logo