Binance Denies Market Manipulation Amid Massive Liquidations

Binance is facing intense scrutiny after a series of large-scale leveraged position liquidations that resulted in over $19 billion lost across Bitcoin and Ethereum markets. The move has triggered accusations of market manipulation, prompting Binance CEO Richard Teng to deny any wrongdoing and instead attribute the situation to heavy market activity. 💰 While the platform denies involvement, the event has had a significant impact on major cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). These liquidations have caused substantial market disruption and renewed calls for greater transparency and regulatory oversight in the industry.