• 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

India Arrests Two in Bitconnect Kidnapping Case

chest

Indian authorities have arrested two men, Nikunj Bhatt and Sanjay Kotadiya, in connection with laundering cryptocurrency extorted after the Bitconnect Ponzi collapse.

user avatarLeo van der Veen

XRP Faces Critical Resistance at 220 Amid Short-Term Bounce

chest

XRP is currently trading within a descending channel, with a significant resistance level at 220. A recent bounce from the 183 support level has generated interest among traders.

user avatarMaya Lundqvist

Michael Burry Closes Hedge Fund Amid Market Concerns

chest

Michael Burry closed his hedge fund, Scion Asset Management, in 2021 due to a disconnect between his valuation estimates and current market conditions, raising concerns about market valuations and investor sentiment.

user avatarLi Weicheng

SMTG Makes Strategic Investment in Bitcoin Proxy

chest

SMTG, a Japanese banking conglomerate, has made a strategic investment in a Bitcoin proxy by acquiring 606,629 shares of Strategy, valued at approximately 966 million, to gain exposure to Bitcoin without regulatory challenges.

user avatarTenzin Dorje

Critical Support Level for LINK Identified

chest

The 10 to 11 support level for LINK is crucial for determining future price movements.

user avatarAisha Farooq

Valour Receives FCA Approval for Crypto Exchange-Traded Products

chest

Valour, the UK subsidiary of DeFi Technologies, has received regulatory approval from the FCA to offer crypto exchange-traded products to retail investors on the London Stock Exchange.

user avatarBayarjavkhlan Ganbaatar

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.