Binance, the cryptocurrency exchange, made a BOME listing the other day. However, "insider trading" allegations on social media caused speculation. The exchange made a statement after the allegation of "insider trading" in the Book of Meme (BOME) listing. Binance stated that it launched an internal investigation into the allegation.
BOME Announcement from Binance Exchange
The giant exchange announced an internal investigation into the BOME listing. Sharing the details of the internal investigation, the exchange stated that the alleged insider traders have no connection with Binance staff.
"Announcement of the results of the investigation into the BOME token listing. We have recently noticed that there has been discussion in the community about Binance's so-called 'BOME' incident. We take this information very seriously. Based on relevant leads, we immediately launched an internal investigation. According to the results of our preliminary investigation, the person named in the relevant information has no connection to Binance."
In its statement, Binance emphasized its commitment to transparency and fairness. It also reassured users that it upholds its standards of rigor, integrity, and ethics.
"We sincerely appreciate everyone's continued interest and oversight of Binance. The community's suggestions are very important to us. That's why we promise to continue to investigate deeply to ensure transparency and fairness of the facts.
If you have any reports of corruption and we verify that Binance team members are corrupt, we will anonymously reward you between $100,000 and $5 million. We are committed to maintaining a fair and transparent trading environment at all times and preventing any behavior that could affect market fairness. We will take all necessary steps to conduct a thorough investigation into any misconduct and make the findings public.
Thank you again for your support and understanding. We will update you in a timely manner in the event of any developments."
