PANews reported on June 5 that according to Bloomberg, Venezuelan President Maduro's government recently cracked down on the black market exchange rate information platform Monitor Dolar and arrested nearly 20 related personnel, causing the platform to stop updating on May 27, leaving millions of people without the reference price they rely on to exchange dollars, causing violent market fluctuations. The black market exchange rate given by the platform is usually 25%-30% lower than the official exchange rate. Despite the government's intention to control the black market, the bolivar continues to depreciate in the parallel market, and economists say the suppression measures may be counterproductive. Some users turned to crypto platforms such as Binance for price references.