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SEC Chair Emilio Aquino emphasised the opportunity threat to investors' security posed by continued access to copyright's System. Even with copyright's major existence and action from the Philippines, the SEC aims to offer traders with sufficient time for you to transition their investments to authorized platforms.

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The investigation also observed samples of DWF selling tokens its founder had promoted leading to a crash in All those token's rate, that is in step with a pump and dump plan, which is versus Binanace's terms of services. In response to this report, copyright fired the investigators and retained DWF as being a consumer, stating that the self trading could have been accidental and that The inner more info workforce collaborated too closely with considered one of DWF's opponents. copyright has denied any wrongdoing.[seventy four]