Binance says it carried out an inside investigation after a dealer made staggeringly massive good points on a lately listed memecoin.
The highest international crypto alternate introduced on Saturday that it was itemizing the E-book of Meme (BOME), a Solana (SOL)-based coin launched by the artwork producer DarkFarms, who makes a speciality of items based mostly on Pepe the Frog, a personality usually used for numerous memes.
In a brand new publish on the social media platform X, Binance says it instantly launched an investigation after listening to discussions within the crypto neighborhood that somebody with insider data collected BOME earlier than the alternate’s itemizing.
Based on Binance, preliminary investigation outcomes point out that the entity in query has no connection to the alternate, although the corporate notes it nonetheless plans to conduct an “in-depth” investigation into the matter.
“When you’ve got any experiences involving foreign money itemizing and different corruption, or if we confirm that Binance workforce members are corrupt, we’ll give you a reward of US$100,000 to US$5 million whereas preserving your id confidential.”
The crypto monitoring agency Lookonchain famous an unknown pockets withdrew $2.3 million price of Solana to purchase BOME shortly earlier than the Binance itemizing. The asset surged 250% hours after the alternate’s announcement.
The crypto alternate KuCoin listed BOME final Friday.
BOME is buying and selling at $0.0093 at time of writing. The 174th-ranked crypto asset by market cap has retraced after its Binance worth bump and is down greater than 49% prior to now 24 hours.
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