Major cryptocurrency commutation Binance is pushing back against allegations of market manipulation and working confronting the involvement of its users.

In a Monday Twitter thread, Binance seemingly laid the blame for any claims of manipulating the crypto market on publications spreading fright, uncertainty and uncertainty, as well as certain individuals impersonating employees at the exchange. The house said it "reserves the right to have legal action to protect its interests," simply was not opposed to "responsible whistle-blowing that protects the trust of our customs."

"Binance has never traded confronting our users nor manipulated the market, and we never will," said the exchange.

It's unclear if the exchange was referring to any specific incident, but the statement comes later a pseudonymous at present-deleted Twitter user nether the name RealFulltimeApe declared on Saturday that Binance "keeps an overview of large liq levels and purposely pumps/dumps the price to accept them out for profit." The user claims to be a former "big information engineer" at the substitution and would be "providing proof presently," simply has not shared any evidence at the fourth dimension of publication.

"I take multiple audio and video files within the function in which management is Clearly talking most 'chop-chop' liquidating the overleveraged 'longs and shorts' before allowing price to continue upwardly/downwardly, in order to increase the companies' insurance fund & profits," claimed the user.

Binance Holdings Limited has been the target of authorities in multiple countries including Italy, Malaysia, Poland, Germany, the U.k., the Cayman Islands, Thailand, Canada, Nippon, Singapore and holland, warning investors to exercise caution in regards to the company or challenge it was operating illegally. The warnings from regulators have likely led to some financial institutions no longer allowing customers to transport payments to the substitution.

Related: Binance in the crosshairs: Are regulators paying attention to crypto?

The substitution is also the discipline of more one class-activeness lawsuit alleging it violated its rules on futures trading. Italian republic-based legal and consulting firm Lexia Avvocati announced in July it was representing investors who lost "tens of millions" of dollars due to not beingness able to manage their trading positions and view their balances due to the crypto exchange going offline for several hours on different days. Liti Capital, a Switzerland-based litigation funding provider, has made like allegations in a separate class-action lawsuit filed in Baronial.

Cointelegraph reached out to Binance, just did not receive a response at the time of publication.