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Data analyst of instant exchange claims: There is an ongoing attack on XMR by Binance, faking its price on purpose in an attempt to release CZ from the U.S. juridical custody.

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by COINS NEWS 30 Views

WARNING: There is an ongoing attack on XMR by Binance, faking its price on purpose in an attempt to release CZ from the U.S. juridical custody. These are key facts indicating that the current XMR price is fake everywhere confirmed by our data analysts:

  • Binance has no real trading volume on XMR pairs left but is still pushing significant changes to their price tickers.
  • CoinMarketCap - the major exchange data aggregator used as a price ticker by at least 50% of the crypto projects belongs to Binance, therefore it obviously contributes to broadcasting of the misleading price data.
  • Other major exchanges such as Kraken synchronize their price based on Binance and CMC price data movement and are always behind the actual drastic movements with some delay.

We currently have an automatic algorithm adjusting our service fee on XMR pairs accordingly to the external XMR price tickers (that don't include Binance anymore) in order to protect our capital and prevent usage of our platform for arbitration purposes.

The statement can be read here (archived): https://web.archive.org/web/20240207213722/https://exch.cx/


And a question to /u/jespow / Kraken

  1. what can Kraken data analysts tell us about the current situation?

  2. Why is there a second or even third planned maintenance for XMR wallets in short order? Normally it's roughly only one per year.

submitted by /u/gr8ful4
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