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SEC Chair Emilio Aquino emphasized the likely threat to investors' safety posed by continued entry to copyright's platform. Regardless of copyright's considerable presence and activity inside the Philippines, the SEC aims to supply investors with ample time to changeover their investments to licensed platforms.
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The investigation also identified samples of DWF promoting tokens its founder experienced promoted leading to a crash in All those token's price, which can be according to a pump and dump scheme, and is also against Binanace's terms of assistance. In response to this report, copyright fired the investigators and retained DWF like a customer, indicating that the self buying and selling might have been accidental Which the internal group collaborated much too closely with amongst DWF's competition. copyright has denied any wrongdoing.[seventy four]