2024

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<ul>
 <li>Binance to cancel coin listings if third-party leaks occur.</li>
 <li>Up to $5M reward for reporting insider trading.</li>
 <li>Employees and funds involved in corruption to be blacklisted.</li>
</ul>
<p>Binance, a leading global cryptocurrency exchange, is taking decisive steps to combat insider trading and enhance transparency within its operations. Co-founder He Yi recently outlined a series of stringent measures aimed at deterring unethical practices. One of the most notable policies is the decision to cancel any coin listings if information about them is leaked by a third party. This move underscores Binance’s commitment to fairness and the integrity of its listing process.</p>
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   <p lang="zh" dir="ltr">感谢今天所有关心币安，热爱币安，支持币安的朋友们，也收到了很多建议，我都有认真一条条看。过去偶尔有关于币安上币信息泄漏的激烈讨论，通常是一些尚未发布代币的项目，社区为了保持热度过度宣传并不鲜见；但今天RONIN上币公告发布后RONIN价格下跌引发了社区激烈讨论，经过内部调查发现是之前集成公…</p>— Yi He (@heyibinance) <a href="https://twitter.com/heyibinance/status/1754579213426835695?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 5, 2024</a>
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<p>In addition to preventing leaks, Binance is proactively encouraging the cryptocurrency community to report insider trading activities. The exchange has announced a substantial reward of up to $5 million for information that leads to the identification of such practices. This initiative not only demonstrates Binance’s zero-tolerance policy towards insider trading but also empowers community members to participate in safeguarding the ecosystem.</p>
<p>Furthermore, He Yi emphasized that employees found to be involved in corruption, as well as the funds they are associated with, will face severe consequences, including being placed on a blacklist. This policy extends to any external collaborators, highlighting the exchange’s comprehensive approach to eliminating unethical behavior.</p>
<p>Binance’s recent announcements are a clear signal of the exchange’s dedication to maintaining a fair and transparent trading environment. By implementing these measures, Binance aims to set a high standard for ethical conduct in the cryptocurrency industry, encouraging other platforms to follow suit.</p>
<p>In conclusion, Binance’s proactive stance against insider trading and corruption, through listing cancellations, substantial rewards for reporting, and strict blacklisting policies, marks a significant effort to foster trust and integrity within the cryptocurrency market.</p>
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<p>The post <a href="https://cryptonewsland.com/binance-to-cancel-listings-on-leak-offers-5m-reward/" rel="noopener noreferrer nofollow">Binance to Cancel Listings on Leak, Offers $5M Reward</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Binance to Cancel Listings on Leak, Offers $5M Reward

Crypto News Land

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