Binance US, the entity owned by Changpeng Zhao (CZ), was rife with wash trading that inflated its volume. Wash trading is a phenomenon where a person or a group of people trades among themselves in a bid to manipulate an asset’s price. According to the WSJ, CZ confirmed that the $70k worth of Bitcoin that The post Report: Binance US rejects claims it engaged in wash trading appeared first on Invezz .
