The world’s largest cryptocurrency exchange Binance has stated that it has detected an insider trading related to the recently listed meme coin and has initiated an investigation.
Binance, in a post on its Chinese Twitter account, stated that they noticed the insider trading discussions that arose in the community regarding the listing of BOOK OF MEME (BOME) after a lot of attention and that they are taking this issue seriously by starting an investigation.
Providing initial findings in the post, Binance said that the people mentioned in connection with insider trading are not affiliated with Binance. Emphasizing the importance of notifications from the community, the team promised to thoroughly investigate the investigation to uncover the truth.
It was stated that the Binance team will offer a reward of $10,000 to $5 million to individuals providing information about corrupt activities.
By listing BOME just 2 days ago, an event that is not commonly seen, Binance sparked both reactions in the market and allegations of insider trading.
