• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M
Binance is ready to pay up to $5 million for Insider trading information

Binance is ready to pay up to $5 million for Insider trading information

user avatar

by Max Nevskyi

2 years ago


One of the co-founders of the cryptocurrency exchange Binance, Yi He, has announced the launch of a reward program for those who provide information about insider trading cases.

He claims that Binance will offer rewards ranging from $10,000 to $5 million for information about traders who engage in transactions with digital assets using confidential information, such as upcoming listings of virtual currencies on the platform.

She also promises to maintain the anonymity of informants and provide bonuses for identifying security vulnerabilities, likely with the aim of ensuring confidentiality.

Exchange employees caught engaging in insider trading will be dismissed and face difficulties in finding new employment, as Binance will include them in its blacklist, which will be accessible to all startups intending to hire former company employees. To avoid potential trouble, the company urges all interested firms to contact Binance before deciding to employ former specialists from the organization.

The leadership of Binance has decided to actively combat insider trading following a nearly 28% drop in the price of the cryptocurrency Ronin (RON) shortly after its appearance on the trading platform. Rumors emerged that the sudden rise and subsequent fall in the asset's value were caused by the leakage of information about the upcoming listing of the cryptocurrency.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Bitcoin Supply Tightening Signals Reduced Sell Pressure

chest

Binance Research reports that Bitcoin on-chain indicators show tightening supply and reduced sell pressure, with exchange balances at a six-year low.

user avatarLucas Weissmann

Bitcoin Approaches Key Moving Average Levels

chest

Bitcoin's price is attempting to reclaim important moving average levels after a recent bear market confirmation.

user avatarRajesh Kumar

Galaxy Digital's Stock Drops Despite NYDFS Approval

chest

Galaxy Digital's stock fell nearly 6% despite receiving a BitLicense and Money Transmission License from NYDFS.

user avatarFilippo Romano

CLARITY Act Sections Could Unlock Banking Sector for Ripple

chest

Sections of the US Digital Asset CLARITY Act may significantly benefit Ripple and its stablecoin RLUSD.

user avatarTomas Novak

US Digital Asset CLARITY Act Could Transform XRP's Legal Status

chest

The US Digital Asset CLARITY Act is approaching potential enactment, which could redefine XRP's classification and regulatory oversight, impacting its future in the crypto market.

user avatarEmily Carter

White House Prepares Announcement on US Strategic Bitcoin Reserve

chest

The White House is preparing to announce the US Strategic Bitcoin Reserve, focusing on legal and operational aspects.

user avatarKaterina Papadopoulou

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.