Public data shows that some anonymous crypto-asset investors may have benefited from inside information on tokens listed on exchanges.
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.
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According to the analysis of Argus, the aforementioned crypto wallet started selling 4 minutes after Binance issued the statement and settled all positions within 4 hours, with a return rate of about 40%. The collapse of Luna earlier this month was called the crypto version of a “bank run,” with regulators questioning the fairness of the crypto market to retail users.
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