The Binance investigators submitted a report alleging DWF had manipulated the price of several tokens on the back of $300 million of wash trades in 2023, but Binance deemed there was insufficient evidence of market abuse, the WSJ said. A week after the report’s submission, the head of the team was fired, according to the newspaper.
![Binance Fired Investigator Who Uncovered Market Manipulation at Client DWF Labs: WSJ Binance Fired Investigator Who Uncovered Market Manipulation at Client DWF Labs: WSJ](https://www.coindesk.com/resizer/k4eZxinbZ3vMSeHmc64cWEIqVYg=/1200x628/center/middle/cloudfront-us-east-1.images.arcpublishing.com/coindesk/EIW5CWDH7ZCXTHVND2CBAF5CVU.jpg)