How Binance Manipulates the Market

Binance, the largest crypto exchange, handles trillions in trades and is accused of market manipulation to profit or control prices.

They allegedly use wash trading with bots to fake volume, attracting traders and pumping prices artificially. The US CFTC fined them $4.3 billion in 2023 for this.

Leverage allows big bets, but small drops trigger liquidations, where Binance sells positions and takes fees. They supposedly trigger these to cause chain reactions, as in October 2025 events wiping out billions.

Grid bots buy low and sell high automatically. Small trades can exploit weaknesses, rippling to larger markets. Binance's algorithms counter this, causing volatility.

They time trades and news to exploit fear (panic selling) and greed (chasing pumps). Flash crashes liquidate positions, allowing cheap buys and subsequent pumps.

Partners like Wintermute and Tether form a cartel: Tether props prices, Wintermute floods orders, Binance lists shady coins for fees.

This turns crypto into a casino. Strokin warns of a potential Bitcoin crash affecting markets. Binance denies claims, citing market forces, but faces ongoing fines. Advice: use stop-losses, avoid high leverage, stick to major coins.

Michail Strokin (@mstrokin), a self-described "crazy hacker and paradigm shifter," frequently posts about Bitcoin and crypto markets on X. He claims to have "broken" Bitcoin through hacks and demos, accusing Binance of heavy market manipulation.

Strokin asserts that Binance can crash Bitcoin's price to $30K–$50K with just three clicks, impacting the US stock market due to its ties to Bitcoin. He suggests a conspiracy involving China to weaken the US.

He demonstrates using Binance's grid bots with small amounts like $5,000 to spike trading volume, causing price swings in small coins like Trumpcoin that affect major ones like Bitcoin, Solana, and Ethereum, as seen in early March 2024.

On Bybit, he set up a 20x leveraged grid bot leading to a Bitcoin crash, liquidating 133,000 traders and $413 million. He blames Binance and partners like Wintermute for enabling this, funneling money to scammy big players.

Strokin says Binance exploits traders' fear and greed. His bots succeed without stop-loss or take-profit, going all-in.

He shares videos of "hacks," like shorting Bitcoin to $95K then longing back to $100K with minimal funds. He urges Binance to stop manipulating prices.