According to TechFlow, on September 17, Binance’s Chinese official posted on social media that a screenshot of a big V community circulating in the Chinese community recently triggered a discussion about Binance’s “insider trading”. The content of these screenshots was eventually confirmed by the official to be a misunderstanding. The information mentioned about several coin listings was based on guesswork of the “winning rate”. The information came from a secondary trader and was not insider information.
Binance takes this issue very seriously. Any leaks or corruption will be dealt with seriously once verified. Binance welcomes reports of any clues about listing or other forms of corruption. After verification, if Binance internal personnel are involved, the official will provide a reward of 10 to 5 million US dollars while protecting the whistleblower's personal information. Any former Binance employee who is found to have engaged in corruption will be permanently blacklisted from listing on Binance for any project or fund he joins in the future.
