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International Business Times
International Business Times
Business
Marvie Basilan

EXPLAINED: Binance client dwf labs denies allegations of market manipulation - The Real Truth

DWF Labs is one of Binance's clients and a digital assets market maker. (Credit: DWF Labs Website/Screenshot)

KEY POINTS

  • WSJ reported that DWF Labs manipulated the prices of some tokens last year
  • DWF Labs said it operates with the highest integrity, transparency, and ethics standards
  • Binance said its investigation team's job was to "look at evidence without bias"

Crypto market maker DWF Labs, a prominent trading entity in the cryptocurrency industry, has denied a recent report that it engaged in market manipulation, calling the allegations "unfounded" and a distortion of facts.

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