The crypto market is not matured market when we compare it with the traditional markets, there is huge volatility in the market and because of this, it is the best place for market manipulators. Market manipulation is not a new thing, it's just previously large institutions used to do this and now in crypto, a small group of traders can do the same, in both cases, it is bad for the market!

1. Market Manipulation: Binance Locks Withdrawals for Related Accounts

Considering the market conditions and the low liquidity in the crypto markets, especially on weekends, many organized groups of retail traders target certain coins in the market and manipulate the prices. The same thing is seen on the 10th of December on the world's largest crypto exchange, Binance. Coins like OSMO and FUN saw tremendous growth in a matter of minutes and then dumped in the market. As the abnormal price movements topic was trending on Twitter, Binance CEO CZ initially called it "Just Market Behavior", but later on the official Binance handle, it is clear that there are investigating the issue internally and there is no connection with the compromised API keys.

After investigating the matter, Binance announced that the withdrawals of the accounts related to these actions were put on hold temporarily. It will be interesting to see what things reveal from this story.

There are many telegram and discord groups which carry out such types of malicious activities in the market under the name of "Signals", do not fall for the market. So, stay away from them and be safe!

2. LUNA Master Do Kwon is Found in Serbia

Do Kwon, a man that does not need any introduction! The CEO of Terrafarm Labs, which is behind the fall of LUNA in May. LUNA crash is supposed to be one of the worst crashes in the crypto space at the time it happened, as Billions' worth of assets were just wiped out of the market capitalization in a matter of days. Many people lost huge amounts of money in this crash and there are various allegations against Do Known, the man behind this all.

Since the Luna crisis, South Korean agencies are following Do Kwon and tracking him down. As reported on the 11th of December by one of the agencies, DO Kwon is staying in Serbia. Then later it is confirmed by the official authority of the investigation that the report is true.

Currently, South Korea wants to arrest Do Kwon under the charges of providing false information to the investors and they are in talks with the Serbian government to cooperate in the investigation.

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