This is an automated archive made by the Lemmit Bot.

The original was posted on /r/monero by /u/MoneroFox on 2024-02-10 07:44:59.

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WARNING: There is an ongoing attack on XMR by Binance, faking its price on purpose in an attempt to release CZ from being a hostage of the U.S. jurisdiction. 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. Note: any centralized exchange can “draw” their order book and put whatever data they want, because nothing of it can be verified. The only exchange with a verifiable order book is Bisq.

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 correlate their price based on Binance and CMC price data movement and are always behind the actual drastic movements with some delay. This is only because Binance is trusted as a major exchange.

We currently have an automatic algorithm adjusting our service fee on XMR pairs accordingly to the external XMR price tickers in order to protect our capital and prevent usage of our platform for arbitration purposes.