### Binance "rat trading" storm: a false alarm, official rumor refuted

Hello everyone, today we are going to talk about a recent major event in the cryptocurrency circle. On September 17, Binance Chinese official posted a message on social media to clarify the discussion about Binance "rat trading" triggered by a screenshot of a KOL (Vic TALK) community that circulated in the Chinese community recently. After official verification, this incident was finally confirmed to be a "oolong incident". 🎉

### Event review

The thing is that a KOL posted some screenshots in the community, which triggered everyone's speculation about Binance "rat trading". The so-called "rat trading" refers to the internal personnel of the exchange using undisclosed information to trade and make profits from it. This is a big problem, and everyone is very concerned.

### Official response

Binance officials said that the information on several listings in this incident was actually based on the speculation of a secondary trader, not insider information. The official stressed that they take this issue very seriously, and any leaks or corruption will be dealt with seriously once verified.

### Rewards for reporting

In order to further dispel everyone's doubts, Binance also stated that any clues about listing or other forms of corruption are welcome at any time. More importantly, if the report is verified to involve Binance internal personnel, the official will provide a reward of 10 to 5 million US dollars while protecting the reporter's personal information. This is a considerable amount, enough to show how much Binance attaches importance to such issues.

### Encourage interaction

Dear friends, what do you think of this incident? Do you think Binance's handling method is appropriate? Welcome to share your views and insights in the comment area. Let's discuss together and pay attention to the healthy development of the blockchain industry!

### Opinion expression

Finally, the author believes that although this incident was a false alarm, it also reminded us. In the era of information explosion, we need to be more cautious about various news, especially in such a highly sensitive field as cryptocurrency. I hope everyone can be more rational and use more judgment when obtaining information, and not be easily swayed by rumors.

Well, that’s all for today’s newsletter. Remember to leave your thoughts in the comments section!