Key points:
- Binance recently faced allegations of insider trading of the Solana-based meme coin BOME.
- The exchange clarified that the individual implicated in its allegations is not affiliated with Binance.
- Binance has deposited up to $5 million for verified instances of corruption within its system.
Binance has released an official statement in response to recent allegations circulating within the crypto community regarding insider trading of the Solana-based meme coin, BOOK OF MEME (BOME). The statement came via Binance’s official Chinese handle on the X platform.
The controversy centered around what has been dubbed the “BOME Rat Barn” incident, which pointed accusing figures at Binance officials. This development has prompted Binance to initiate an internal investigation. According to its preliminary findings, the exchange clarified that the individual implicated in the allegations is not affiliated with Binance.
📢关于“#BOME 老鼠仓”相关信息的调查结果公示
近期，我们注意到社区中关于所谓币安“BOME老鼠仓”事件的讨论。我们非常重视这一信息，并根据相关线索立即启动了内部调查。根据我们初步的调查结果，相关信息中所提及的人员与币安无关。…
Notably, this insider trading allegation emerged following Binance’s recent listing of the Solana-meme coin BOME. The token surged by 2,888% from $0.0009373 to an all-time high of $0.02801 in one day, specifically from March 15 to 16. However, the coin has crashed significantly in the last 24 hours, putting its value at $0.0137 at press time.
In the clarification tweet, Binance expressed gratitude for the community’s vigilance and pledged to continue to uphold transparency and fairness in all operations. While emphasizing the importance of community feedback, the exchange urged individuals to report any instances of currency listing corruption or team member misconduct.
Furthermore, Binance reaffirmed its commitment to maintaining a level playing field in the crypto market. It assured users that it would thoroughly investigate any allegations of wrongdoing, promising to make the findings public.
To incentivize reporting, Binance announced rewards ranging from $100,000 to $5 million for verified instances of corruption, with the identity of the informant kept confidential. The exchange has provided “audit@binance.com” as the designated email address for reporting misconduct.