Binance Leak Bounty: Co-Founder Promises $10K Reward for Reporting Leaks

Crypto News – Yi He, a co-founder of Binance, responded to claims the company may be having an insider trading issue on X earlier this week.

Binance Leak Bounty: Co-Founder Promises $10K Reward for Reporting Leaks

Her proposed remedy entails offering $10,000 in rewards to staff members who expose dishonest coworkers.

If there is any information leaked about a project for any reason, you will be warned once and then fired.

If there is a leak, the listing will be canceled. If any information is leaked after the announcement, the pending listing will be extended directly, and the listing will be decided based on subsequent adjustments.

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Ronin Token is Thought to be Hoarding

The anomalies that occurred before and immediately after Ronin was listed on Binance’s exchange were the cause of the lengthy X thread and the subsequent policy revisions. Prior to the announcement, the token’s price had surged, but as soon as trading started, it fell by 20%. The prevailing belief was that individuals who were aware of the listing before its announcement were hoarding tokens, which they subsequently sold when the value surged.