On October 12, Meta Financial AI stated that Binance wasn’t responsible for the sell-off, with no significant transactions from its public cold wallets. Rumors regarding CZ selling his BNB came amidst market panic, yet he did not engage in selling.
Coinbase transferred 1,066 BTC to its hot wallet before the crash, indicating potential manipulation. Analysis shows Binance had the least number of significant transactions for over 500 BTC, highlighting a lack of market activity.
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