Binance boss just came out of prison, so he is not above the law.
And yes, they likely have this problem, because crypto is less regulated and full of geeks, so they have way more automation compared to traditional finance, at least proportionally to its size. You have bots on top of bots (literally, like telegram bots that will send orders to other bots copy-trading other bots).
In fact, there is even an old altcoin dedicated to automation: kryll (https://www.kryll.io/). They have a full no-code UI to create a trading bot with complex strategies that is pretty well done, from a purely technical perspective. They plug into many exchanges, including Binance.
Also, because it's less regulated, copy trading/referral/stacking is the Wild West, and they generate a lot of operations and fees.
And yes, they likely have this problem, because crypto is less regulated and full of geeks, so they have way more automation compared to traditional finance, at least proportionally to its size. You have bots on top of bots (literally, like telegram bots that will send orders to other bots copy-trading other bots).
In fact, there is even an old altcoin dedicated to automation: kryll (https://www.kryll.io/). They have a full no-code UI to create a trading bot with complex strategies that is pretty well done, from a purely technical perspective. They plug into many exchanges, including Binance.
Also, because it's less regulated, copy trading/referral/stacking is the Wild West, and they generate a lot of operations and fees.