{"id":525056,"date":"2022-12-11T13:50:00","date_gmt":"2022-12-11T10:50:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/abnormal-token-price-movements-on-binance-not-hack-related-confirms-cz\/"},"modified":"2022-12-11T13:50:00","modified_gmt":"2022-12-11T10:50:00","slug":"abnormal-token-price-movements-on-binance-not-hack-related-confirms-cz","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/abnormal-token-price-movements-on-binance-not-hack-related-confirms-cz\/","title":{"rendered":"# Abnormal token price movements on Binance not hack-related, confirms CZ"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_88 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6ad02d2f40b3a\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6ad02d2f40b3a\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/abnormal-token-price-movements-on-binance-not-hack-related-confirms-cz\/#%E2%80%9D_Abnormal_token_price_movements_on_Binance_not_hack-related_confirms_CZ_%E2%80%9C\" >&#8221; Abnormal token price movements on Binance not hack-related, confirms CZ &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Abnormal_token_price_movements_on_Binance_not_hack-related_confirms_CZ_%E2%80%9C\"><\/span>&#8221; Abnormal token price movements on Binance not hack-related, confirms CZ &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMTIvZWZiZWFjYzQtOTA2Yy00OGI0LTkzNGItYTYxNDFkOTA0YmVjLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-30a6cf80>Crypto exchange Binance began investigating suspicious behavior on its platform after noticing abnormal price movements for certain trading pairs involving Sun Token (SUN), Ardor (ARDR), Osmosis (OSMO), FUNToken (FUN) and Golem (GLM) tokens. Nearly 40 minutes into the investigation, Binance CEO Changpeng \u2018CZ\u2019 Zhao revealed that the price movements \u201c<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ears to be just market behavior.\u201d<\/p>\n<p>On Dec. 11 at 3:10 am ET, Binance issued a notice about abnormal price movements for some trading pairs. The exchange began an investigation to narrow down suspicious accounts responsible for the issue. To investors\u2019 relief, Binance\u2019s investigation did not point to the possibility of compromised accounts or stolen API keys.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Based on our investigations so far, this appears to be just market behavior. One guy deposited funds and started buying. (Hackers don\u2019t deposit). Other guys followed. Can\u2019t see linkage between the accounts. 1\/3 <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/QlB1VnlHVs\">https:\/\/t.co\/QlB1VnlHVs<\/a><\/p>\n<p>\u2014 CZ  Binance (@cz_binance) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/cz_binance\/status\/1601860935462711301?ref_src=twsrc%5Etfw\">December 11, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>In CZ\u2019s words:<\/p>\n<blockquote><p>\u201cOne guy deposited funds and started buying. (Hackers don\u2019t deposit). Other guys followed. Can\u2019t see linkage between the accounts.\u201d<\/p><\/blockquote>\n<p>However, the exchange took a proactive measure against possible manipulation. It temporarily blocked withdrawals for some accounts that made profits during the volatility, which according to CZ, sprouted complaints across <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">social media<\/a>. <\/p>\n<p>CZ further addressed the concerns related to centralization and company intervention during similar occasions as he stated, \u201cThere is a balance to how much we should intervene.\u201d<\/p>\n<p>When <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/HitoshiKaitaro\/status\/1601862066209718272\">asked<\/a> about the possibility of using stolen or compromised accounts for carrying out manipulative trades, CZ clarified that Binance actively monitors such accounts, adding that:<\/p>\n<blockquote><p>\u201cIf you leave your account details with a 3rd party platform that gets hacked, and the hacker is cautious in using it, it can be hard to detect on our side. But we try.\u201d<\/p><\/blockquote>\n<p>Binance has confirmed to keep investors updated as soon as ongoing investigations reveal new information about the ongoing price movements.<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>CZ and SBF duke it out on Twitter over failed FTX\/Binance deal<\/em><\/strong><\/p>\n<p>The ill-intent of FTX CEO Sam Bankman-Fried set back the crypto industry by a few years, said CZ during Indonesia Fintech Summit 2022.<\/p>\n<p>\u201cI think basically we&#8217;ve been set back a few years now. Regulators rightfully will scrutinize this industry much, much harder, which is probably a good thing, to be honest,\u201d CZ added, emphasizing that the episode was devastating for the industry.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/abnormal-token-price-movements-on-binance-not-hack-related-confirms-cz\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Abnormal token price movements on Binance not hack-related, confirms CZ &#8220; Crypto exchange Binance began investigating suspicious behavior on its platform after noticing abnormal price movements for certain trading pairs involving Sun Token (SUN), Ardor (ARDR), Osmosis (OSMO), FUNToken (FUN) and Golem (GLM) tokens. Nearly 40 minutes into the investigation, Binance CEO Changpeng \u2018CZ\u2019&#8230;<\/p>\n","protected":false},"author":1,"featured_media":525057,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/cdn-cgi\/image\/format=auto,onerror=redirect,quality=90,width=1200\/https:\/\/s3.cointelegraph.com\/uploads\/2022-12\/efbeacc4-906c-48b4-934b-a6141d904bec.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,75014,77672,74882,75541,117,70944],"class_list":["post-525056","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin","tag-binance","tag-changpeng-zhao","tag-hacks","tag-volatility","tag-business","tag-hackers"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/525056","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=525056"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/525056\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/525057"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=525056"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=525056"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=525056"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}