There were abnormal price movements in some altcoins on Binance. Binance CEO on the subject Changpeng Zhao (CZ) and 3Commas, which is at the center of the abuse allegations, made a statement.
Listed on Binance Sun Token (SUN), Ardor (ARDR), Osmosis (OSMO), FUN Token (FUN), and Golem (GLM) assets in some trading pairs 10 December CET on at 20:00 to 1300% increases There were abnormal price movements. While the price movements were on the social media agenda in a short time, some users claimed that the abnormal price movements were caused by the abuse of API keys given by investors to third-party service providers.
On top of that, Binance was also quick to make a statement. Binance posted on social media on December 11, in the statementAbout the subject Suspicious accounts are being investigated. and necessary actions have been taken In addition, any security breach or stolen not related to API keys and your funds are safe stated that.
Shortly after Binance said it was investigating the issue CEO CZA statement came from. CZ Dedicated to Binance’s post on December 11 in his statementas a result of the research, from a suspicious situation not originating reported. Summarizing the situation as only one investor buying, rising prices are accompanied by other investors, CZ said, that such situations can sometimes occur in free markets. He also underlined that there was no cyber attack. After intense complaints from social media, some accounts that profit from this price movement have withdrawn their withdrawal options. temporary aspect that you’re locked out Noting that, the CEO stated that as the stock market, they maintain a balance in intervening in some situations. just let it flow also expressed.
3Commas Denies Allegations Against
On the other hand, the abuse of API keys suggested by users in abnormal price movements is at the center of the allegations. 3Commas took place.
Active on social media CoinMamba On December 9, a user named in a post he made, API key that he created 2 years ago and only gave to a third-party service provider named 3Commas exploitation and account volumeless in cryptocurrencies price manipulation claimed to have been used for Other users also stated that CoinMamba supported the claims, while Binance and 3Commas stated that the claims were unfounded. 3Commas December 11 In a blog post he shared on . malicious actors He stated that he was trying to slander in an organized way.
CoinMamba later claimed that the damages of himself and other 3Commas victims were paid by Binance. Secure Asset Fundfrom (SAFU) suggested that it should be met. However, CZ API-based exploits will be very difficult to detect. so your funds are on the way cannot be used stated. User’s insistence and accusations CEO, in another post to unreasonable customers that they do not want to provide service and therefore the user’s account withdrawal only He said he was thinking of putting it on the mod. While CZ unshared shortly after, CoinMamba’s account three days later reported to be closed.