BINANCE PLEDGED TO THWART SUSPICIOUS TRADING - UNTIL IT INVOLVED A LAMBORGHINI-LOVING HIGH ROLLER

Summary from the TLDR Crypto newsletter

Binance's market surveillance team, hired to prevent manipulative trading, found that VIP customers like DWF Labs engaged in pump-and-dump schemes and wash trading. The team also discovered that Binance maintained secret internal trading accounts. After these findings, Binance fired the investigator and kept DWF Labs as a client. The SEC has accused Binance of misleading U.S. investors about its risk controls.