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Changpeng Zhao: Zero tolerance for insider trading, Gnosis trading-related wallets have nothing to do with employees

By WebsCryptoMay 22, 20221 Min Read
Changpeng Zhao: Zero tolerance for insider trading, Gnosis trading-related wallets have nothing to do with employees
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There may be insider trading issues in crypto asset investment. In response, Binance CEO Changpeng Zhao tweeted in response that we pursue a zero-tolerance policy and adhere to the highest standards. Three investigators have reviewed the wallets, none of which are related to Binance employees.

That’s why we try not to even let the project team know when their tokens will go live. But when we need technical assistance with wallet integration, etc., sometimes it cannot be completely avoided. If anyone notices any suspicious behavior, please report it by emailing [email protected]

Public data shows that some anonymous crypto-asset investors may use the inside information of tokens listed on exchanges to obtain benefits. Last August, a crypto wallet hoarded $360,000 worth of Gnosis tokens over a six-day period, and Binance said it would list the token on day seven. According to the analysis of Argus, the above-mentioned encrypted wallets began to sell 4 minutes after Binance’s announcement and settled all positions within 4 hours, with a return rate of about 40%.

DISCLAIMER: The information provided by WebsCrypto does not represent any investment suggestion. The articles published on this site only represent personal opinions and have nothing to do with the official position of WebsCrypto.
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