Ex-Binance Staff Raises Crypto Manipulation Concerns

• Former Binance BD Chase claims crypto prices are driven mainly by liquidity, attention, and token structure.
• He added that the market lacks long-term vision and is often focused on short-term gains.
• Binance co-CEO Yi He clarified Chase had no listing authority and worked only in business development.

A former business development staff member from Binance, known as Chase, claimed that market manipulation in crypto is open and common, driven by short-term profit rather than long-term value.

Chase made the comments during a YouTube interview with Yuzheng Sun. He said crypto asset valuation mainly depends on three factors, i.e., liquidity, market attention, and token distribution structure.

According to him, these factors determine price direction over a short to medium period, from 7 days to 3 months.

Manipulation is Visible

The former Binance employee argued that most participants do not look at long-term fundamentals. Instead, market makers focus on short-term gains. He said the lack of clear regulation in crypto, especially because many tokens are not defined as securities, allows misconduct to happen openly.

Chase described the industry as one where manipulation is clearly visible, adding that some players no longer try to hide such behavior.

He said retail investors often cannot fully understand token value, while large market makers ignore fundamentals and react mainly to trading signals and liquidity conditions.

This, he argued, pushes markets toward speculation instead of long-term growth.

Chase also shared details about his role and industry experience. He said he worked at Binance for about two and a half years and reviewed more than 1,000 crypto projects. Around 100 projects were successfully listed during that time, with a success rate of roughly 5% to 10%.

Binance Co-CEO Responds to Role and Claims

Following a wide discussion online, Binance co-founder and co-CEO Yi He responded publicly. She rejected the description of Chase as a listing manager with decision-making power.

Yi He clarified that Chase worked in business development, not in the listing decision team. She said the listing and due diligence unit operates separately from the business development department and does not communicate directly with project teams.

Business development staff handle contracts and project contact but do not decide which tokens get listed. Her statement described Chase as a middleman rather than an authority on listing approvals.

She also addressed his pricing theory. Yi He partly agreed that liquidity, market attention, and token structure affect short-term price movement. However, she argued that long-term performance depends on practical value such as real revenue, token utility, and supply control mechanisms.

According to her, projects that survive market cycles must offer actual economic value rather than rely only on market hype. She summarized her view with the message that practicality should prevail.

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