{"id":15705,"date":"2024-03-18T10:00:41","date_gmt":"2024-03-18T10:00:41","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=15705"},"modified":"2024-03-18T09:06:44","modified_gmt":"2024-03-18T09:06:44","slug":"binance-denies-insider-trading-allegations-for-bome-listing","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/binance-denies-insider-trading-allegations-for-bome-listing\/","title":{"rendered":"Binance Denies Insider Trading Allegations for BOME Listing"},"content":{"rendered":"<p><strong>Binance<\/strong> has addressed allegations of insider trading related to its recent listing of BOME. The claims, circulating on social media, suggested that an individual with prior knowledge of the listing profited by acquiring BOME tokens before the price surged.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/binance-denies-insider-trading-allegations-for-bome-listing\/#Binances_Response_to_Insider_Trading_Claims\" title=\"Binance&#8217;s Response to Insider Trading Claims\">Binance&#8217;s Response to Insider Trading Claims<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/binance-denies-insider-trading-allegations-for-bome-listing\/#Similar_Allegations_Surfaced_for_RONIN_Listing\" title=\"Similar Allegations Surfaced for RONIN Listing\">Similar Allegations Surfaced for RONIN Listing<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Binances_Response_to_Insider_Trading_Claims\"><\/span><span style=\"font-size: 75%;\">Binance&#8217;s Response to Insider Trading Claims<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>In an official statement, Binance refuted the allegations, stating that the individual in question has no connection to the exchange. The exchange initiated an internal investigation and concluded that the person&#8217;s actions were unrelated to Binance.<\/p>\n<p>According to the claims, the individual withdrew Solana worth $2.3 million from Binance just before the BOME listing and purchased BOME tokens with the proceeds. The price of <a href=\"https:\/\/coinengineer.net\/blog\/binance-lists-bome\/\">BOME<\/a> subsequently spiked from $0.0074 to $0.026.<\/p>\n<p><strong>Binance<\/strong>&#8216;s statement reads:<\/p>\n<p>&#8220;We have noticed discussions circulating for a few days regarding an incident labeled as &#8216;insider trading in BOME&#8217; on Binance. We take this matter seriously and immediately launched an internal investigation based on certain data. According to our preliminary investigation results, the individual mentioned in the information has no connection to Binance. Thank you for your interest. We will continue to make such statements to ensure the truth is revealed in a transparent manner.&#8221;<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Similar_Allegations_Surfaced_for_RONIN_Listing\"><\/span><span style=\"font-size: 85%;\">Similar Allegations Surfaced for RONIN Listing<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>In February, <strong>Binance<\/strong>&#8216;s listing of the RONIN token was also met with allegations of insider trading. The token&#8217;s price experienced a sharp decline shortly after the listing announcement, leading to suspicions about insider information being used to profit from the listing.<\/p>\n<p>In response to the RONIN incident, Binance emphasized its commitment to conducting thorough due diligence before listings. The exchange also stated that it would be more cautious in the future and would not hesitate to adjust listing schedules or even postpone or cancel listings if necessary.<\/p>\n<p>Binance further announced a program to reward individuals who provide information about insider trading activities. The rewards range from $100,000 to $5 million, and the identities of informants are protected.<\/p>\n<hr \/>\n<p><em class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Also, you can freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Telegram<\/strong>,<\/a>\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">YouTube<\/strong><\/a>,\u00a0and\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/twitter.com\/coinengineers\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Twitter<\/strong><\/a>\u00a0channels for the latest news and updates.<\/em><\/p>\n<div id=\"gtx-trans\" style=\"position: absolute; left: 334px; top: 171.266px;\">\n<div class=\"gtx-trans-icon\"><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Binance has addressed allegations of insider trading related to its recent listing of BOME. The claims, circulating on social media, suggested that an individual with prior knowledge of the listing profited by acquiring BOME tokens before the price surged. Binance&#8217;s Response to Insider Trading Claims In an official statement, Binance refuted the allegations, stating that<\/p>\n","protected":false},"author":1,"featured_media":15289,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[22,4971,4081,319],"class_list":["post-15705","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-exchange-news","tag-binance","tag-bome","tag-ronin","tag-solana"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Binance Denies Insider Trading Allegations for BOME Listing - Coin Engineer<\/title>\n<meta name=\"description\" content=\"Binance has issued a statement in response to allegations of &quot;insider trading&quot; circulating on social media regarding BOME.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/binance-denies-insider-trading-allegations-for-bome-listing\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Binance Denies Insider Trading Allegations for BOME Listing - 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