Bybit CEO Dispels ZEC Market Manipulation Claims: Transparency Reigns

Cryptocurrency exchanges often face accusations of market manipulation, adding to the inherent volatility in this space. Recently, Bybit, a prominent cryptocurrency exchange, found itself at the center of such scrutiny. Pseudonymous allegations surfaced on social media platform X (formerly Twitter) regarding a change in Zcash (ZEC) contract parameters, suggesting Bybit manipulated the market for personal gain. However, Bybit CEO Ben Zhou directly addressed these concerns by sharing a detailed timeline and rationale for these adjustments. His proactive approach aimed to dispel rumors and build trust with his user base.