Binance Price Manipulation Defense

Ask Your Question For Free

Summary

You can defend against Binances price manipulation accusation by emphasizing the absence of buyer complaints, your positive feedback record, and the lack of clarity in Binances pricing rules. Additionally, you could argue that Binances actions may violate New York General Business Law §349 & 350, which prohibits deceptive business practices. Consulting a local attorney is essential for a robust defense strategy.

Full Conversation

Write a defense against Binance acusation of price manipulation in the p2p market
I understand your situation. To help you, I'd need to know if you are based in New York, or if you specifically require a reference to New York law.
Both
Your defense can be based on the following points:
- No complaints from buyers
- No appeals against your trades
- Excellent feedback record
- Lack of clarity on Binance's part regarding pricing rules
- Breach of Fair Dealing under New York law (General Business Law §* & *)
Please consult a lawyer to develop a comprehensive defense.
Give me more info
The New York General Business Law §* & * prohibits deceptive acts or practices. You could argue that Binance's rules regarding pricing weren't clear, thus their accusation is unfounded. However, it's important to consult a legal professional to confirm this.
Write a defense
In your defense, you would stress on:
- No consumer complaints against your trade activities.
- Positive feedback record throughout your trading career.
- Binance's unclear rules on pricing changes.
- The possible violation of the New York General Business Law §* & * by Binance, which prohibits deceptive business practices.
Remember, consulting with a local attorney is crucial to ensure the best possible defense strategy.