Binance, a big cryptocurrency exchange, caught some bad actors! They found a company cheating by making the prices of cryptocurrencies look better than they really were. This isn't fair to other people trading crypto.
- Binance stopped the cheating company from trading.
- They took away the company's money to help people who lost money.
- Some crypto prices went down a bit because of the news.
- Binance is trying to make things fairer for everyone.
Crypto | Price Change |
---|---|
GPS | Down over 14% |
SHELL | Down, then recovered |
Binance is also letting users vote on which cryptocurrencies are allowed to be traded on their exchange, which is pretty cool!