Cryptocurrency exchange Binance responded to liquidation claims, stating that a technical error occurred during the recent major market drop.

The cryptocurrency exchange Binance has released an official statement addressing recent community allegations about a so-called “market maker leak.”

According to the company’s investigation, the claims originated from an independent third-party trader who was not an official market maker on the platform. Binance emphasized that no internal data breach or manipulation had taken place, reaffirming its commitment to transparency and fair market practices.

The exchange added that misinformation spreading through social media often causes unnecessary panic in the crypto community, and encouraged users to rely only on verified announcements from official Binance channels.

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