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Major cryptocurrency exchange Binance announced the immediate launch of an internal investigation in response to allegations of insider trading regarding the listing of Book of Meme (BOME). Following discussions within the community, Binance quickly took action, demonstrating its seriousness about the issue and initiated an internal investigation based on the provided leads. The cryptocurrency exchange emphasized its commitment to transparency and fairness in its operations.
Initial Findings of the Investigation Shared
In an official statement, Binance shared the initial findings of its internal investigation into the allegations of insider trading related to the BOME listing. According to the findings, it was determined that the individuals accused of insider trading had no connections with Binance staff. The cryptocurrency exchange reassured its users and the wider community of its continued adherence to rigorous integrity and ethical standards.
Expressing gratitude for the community’s attention and participation, Binance reiterated its commitment to conducting thorough investigations to ensure transparency and fairness in all aspects of its operations.
Rewards Ranging from $100,000 to $5 Million to Be Offered
Reaffirming its commitment to providing a fair and transparent trading environment, Binance promised to take decisive action against any abuse that could jeopardize market integrity. The cryptocurrency exchange added that it would ensure accountability within its community and that the findings of its investigations would be made public to maintain trust.
In this regard, the cryptocurrency exchange announced that it would offer rewards ranging from $100,000 to $5 million for such reports, encouraging users to continue providing feedback and reporting suspicious activities, while guaranteeing the confidentiality of the whistleblowers’ identities.
In its statement, Binance expressed gratitude for the ongoing support and understanding of its users and stakeholders, while emphasizing that any updates or developments related to the investigation would be shared promptly.
