[Breaking News] According to the Wall Street Journal, in response to the SEC's investigation, the crypto giant Binance has expanded its market monitoring team and hired more than a dozen investigators from US banks and hedge fund Citadel. However, when it was discovered that DWF Labs, an important VIP customer, was suspected of market manipulation, Binance chose to ignore it. It is said that the Binance monitoring team recommended the ban of DWF Labs in late September last year, but the team leader was fired by the company. New executives said that the new investigation determined that there was insufficient evidence that DWF Labs was engaged in market manipulation. However, the monitoring team found that DWF Labs manipulated the prices of YGG and at least six other tokens and conducted more than $300 million in false transactions in 2023. In response, Binance strongly denied that its market monitoring program allowed market manipulation on the platform, and emphasized that it had a strong market supervision framework that could identify market abuse and take action.