A recent tweet by software engineer Vincent Van Code has brought renewed attention to allegations of systemic manipulation in the cryptocurrency market, particularly targeting major exchanges. In his post, Van Code stated, “This post reinforces what me and many others on here have been saying. XRP and many other crypto are manipulated. Binance is the worst of the worst.” The post refers to a detailed thread from crypto enthusiast Stellar Rippler, who outlines a high-profile liquidation event involving trader James Wynn and uses it to illustrate a broader pattern of market manipulation and data exploitation within centralized exchanges. This post reinforces what me and many others on here have been saying. #XRP and many other crypto are manipulated, Binance is the worst of the worst. https://t.co/4lRstLVTlO — Vincent Van Code (@vincent_vancode) June 1, 2025 Stellar Rippler’s thread opens by highlighting the story of James Wynn, a trader who reportedly lost over $100 million after placing significant long positions on Bitcoin. According to Rippler, Wynn’s sudden liquidation was not merely a case of market volatility but an orchestrated outcome designed to maximize profits for the exchanges. Rippler argues that the most alarming revelations came after the trades were executed and Wynn publicly reflected on the experience by tweeting, “Money is not real.” Exchanges Allegedly Exploiting User Data and Market Control The thread asserts that major crypto exchanges possess full visibility into user behavior, including open positions, leverage ratios, liquidation levels, and even inferred emotional states based on trading patterns. Rippler suggests that this data access enables exchanges to manipulate market movements strategically. He claims that many of the largest platforms operate internal market-making desks that serve as counterparties to user trades. With access to users’ positions and the ability to shift liquidity, these desks allegedly manufacture sudden price movements that trigger mass liquidations—events referred to as “engineered wicks.” We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 This strategy, Rippler claims, ensures that exchanges profit from both sides of the trade, particularly when using leverage, which is described as a “profit center” for these entities. The post states that over $10.3 billion in liquidations were recorded in 2023, attributing much of this volume to deliberate liquidation targeting. Wynn’s $100 million loss, in this context, is portrayed as part of a systemic pattern rather than an isolated incident. Lack of Regulation Compared to Traditional Markets Drawing comparisons with traditional finance, Rippler contrasts crypto platforms with the Chicago Mercantile Exchange (CME), which, under U.S. regulations, does not trade against users and maintains a separation between custody and execution. He stresses that practices such as wash trading and insider dealing are prosecutable in traditional markets, while many crypto exchanges operate with no such oversight. Binance is mentioned specifically, with Rippler referencing its $4 billion legal settlement and guilty plea by its CEO as proof of misconduct in the industry. The thread closes by linking these practices to the long-standing controversy surrounding XRP . According to Rippler, the U.S. Securities and Exchange Commission’s lawsuit against Ripple in 2020, coupled with restrictions on XRP’s U.S. trading, created artificial market conditions that held back price discovery and investor participation. He notes that during this period, central banks and large institutions reportedly explored the technology behind closed doors. XRP, Regulatory Delays, and the Question of Suppression Vincent Van Code’s endorsement of the thread underscores a growing sentiment among some in the crypto community that the markets remain fundamentally compromised. His specific inclusion of XRP in the discussion ties into longstanding accusations that the asset has been subject to price suppression through both regulatory action and market tactics. While the allegations remain unproven in court, and specifics of Wynn’s liquidation have not been independently verified, the viral nature of Stellar Rippler’s thread and its amplification by developers like Van Code suggest continued skepticism over the integrity of centralized crypto markets. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post XRP Price Is Being Manipulated? Software Engineer Presents This $100M Liquidation As Proof appeared first on Times Tabloid .
