Binance Denies Rumors of Confidential Listing Information Leak
CryptoNewsTerminal Staff17 Sep, 2024
Binance Denies Rumors of Confidential Listing Information Leak
Binance has denied allegations that confidential listing information was leaked within the company. The rumors began circulating after a screenshot of a conversation between an influencer and a Binance employee was shared on social media. The conversation allegedly showed the employee sharing non-public information about upcoming listings on Binance. Binance has since investigated the matter and concluded that the information in the conversation was not confidential. The employee was simply sharing their own speculation, not insider information. Binance has a strict policy against insider trading and has taken steps to crack down on any leaks of confidential information. The company has also promised to pay a reward of $100,000 to $5 million to whistleblowers who provide information about insider trading. "We take insider trading very seriously and have a zero-tolerance policy," Binance said in a statement. "We will continue to investigate any allegations of insider trading and take appropriate action against those who are found to be involved."
