Binance Community Coin #8 Manipulation – Voting Abuse? Tx Analysis

Manipulation in the Binance Community Coin of the Month Voting Process… Is it happening? There are a series of suspicious transactions that suggest possible manipulation and abuse of the voting system for the Binance Community Vote competition. This is the 8th running of the Binance Community Coin process, the candidates were Mithril $MITH, Libra Credit $LBA, NKN $NKN, LockTrip $LOC, Polymath $POLY.

There is a huge incentive for projects, whales, big investors to attempt to skew or manipulate votes so that a project and token can be listed on the Binance exchange… this is such a big deal for any project. Binance is consistently the number 1 ranked exchange for 24hr volume, almost everyone wants their favourite token trading on Binance… this will become more of an issue as Binance grows, but it is great that CZ and the team support investigating and removing manipulated votes.

Thanks to TheCryptoGuy on Medium as the source of the article I broke down in this video.

https://twitter.com/MarcinPress/status/1023530882647449600
https://twitter.com/cz_binance/status/1022728319781859329
https://medium.com/@a.bogdanov001/mithril-mith-involved-in-illegal-voting-for-binance-community-vote-expose-the-cheaters-48d104414750
https://etherscan.io/address/0xa25c9dd8ef26971cf58ef5045b098930947f5708#tokentxns
https://etherscan.io/tx/0xf9438824d2ba6160401bf6ea2cdcf7798d78c0f897120f1dfa4d6b22a80f5845
https://etherscan.io/tokentxns?a=0x20cb24c78bdb1bf17e6a1d4e2fd1cc80aa1a5c5b&p=3
https://etherscan.io/txs?a=0x20cb24c78bdb1bf17e6a1d4e2fd1cc80aa1a5c5b&p=2
https://etherscan.io/address/0xbfdab3b09f4310e37ffd8c8eec370211dafa84a9
https://medium.com/nknetwork/an-open-letter-to-nkn-community-and-binance-community-coin-of-the-month-voters-bcf36ec1b3cb
https://www.binance.com/vote.html#rules
https://support.binance.com/hc/en-us/articles/115001387951–The-First-Session-of-Community-Coin-per-Month-
https://support.binance.com/hc/en-us/articles/115000599831-Binance-Exchange-Launched-Date-Set
https://coinmarketcap.com/exchanges/volume/24-hour/

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Binance Community Coin #8 Manipulation – Voting Abuse? Tx Analysis

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