Arkham Highlights Potential Insider Trading in Cryptocurrency

user avatar

by Giorgi Kostiuk

2 years ago

Made with AI

  1. Investor Amplifies Initial Investment by 100 Times
  2. Understanding Binance’s Listing Policies
  3. Implications of Binance’s Listing Rules


    4. Arkham recently highlighted a significant event, raising suspicions of insider trading in the cryptocurrency market. Cryptocurrency protocols are barred from announcing their listings before Binance does, to prevent exploitation of this information.

    Investor Amplifies Initial Investment by 100 Times

    Some individuals act on presumed insider knowledge before listings, accumulating tokens and selling them when news drives up prices. Such wallet activities sometimes attract attention, prompting scrutiny of the involved protocols and exchanges. An investor using wallet address 0x6ac did precisely this. Arkham reported: 'This trader turned $16,500 into $1.8 million with Neiro. The trader bought Neiro for 5 ETH early on the second day after issuance. Profits soared after Binance announced its listing, with over 100x returns after an eight-week hold.'

    Understanding Binance’s Listing Policies

    Binance will investigate if this purchase occurred before the listing agreement. Binance enforces strict rules against insider trading; dissemination of such information can lead to severe penalties, including cancellation of listings. Binance’s former CEO has affirmed this policy.

    Implications of Binance’s Listing Rules

    * Only Binance can announce listings. * Listings disclosed before Binance may be canceled. * Social media pressures for listings can result in blacklisting. * Even scheduled listings can be canceled due to social media pressure.

    Thus, those claiming insider knowledge about Binance’s upcoming listings are either spreading falsehoods or risking cancellation of the listing.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Senate Banking Committee Democrats Request Hearing on Prediction Markets

Democratic members of the Senate Banking Committee request a public hearing to examine the growing issue of prediction markets and their regulatory implications.

user avatarFilippo Romano

Crypto Economic Activity Remains Strong Despite Market Downturn

Crypto economic activity has shown resilience despite a significant drop in market capitalization, indicating a shift in market dynamics.

user avatarEmily Carter

Visa's Research Highlights Trust as a Barrier to Stablecoin Adoption

Visa's research highlights that trust and fraud protection are essential for stablecoin adoption, with 36% of US respondents considering their use, especially with bank-level protections.

user avatarTomas Novak

Cardano's Onchain Governance Approves New Treasury Allocations

Cardano's governance system has approved a new round of treasury allocations aimed at infrastructure and ecosystem development.

user avatarKaterina Papadopoulou

Galaxy Invests $100 Million in Onchain Credit Infrastructure

Galaxy has invested $100 million in Sky Protocol's yield-bearing sUSDS, integrating it into its corporate treasury and allowing it as collateral for institutional trading.

user avatarMaya Lundqvist

Blockchain.com and NYSE Join Forces to Launch Tokenized Trading Platform

Blockchain.com and the New York Stock Exchange have signed an agreement to develop a platform for trading tokenized US stocks and ETFs.

user avatarLeo van der Veen

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.