{"id":10461,"date":"2024-02-06T13:57:41","date_gmt":"2024-02-06T11:57:41","guid":{"rendered":"https:\/\/forklog.com\/en\/binance-launches-internal-investigation-following-ronin-listing-controversy\/"},"modified":"2024-02-06T13:57:41","modified_gmt":"2024-02-06T11:57:41","slug":"binance-launches-internal-investigation-following-ronin-listing-controversy","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/binance-launches-internal-investigation-following-ronin-listing-controversy\/","title":{"rendered":"Binance Launches Internal Investigation Following Ronin Listing Controversy"},"content":{"rendered":"<p>Yi He, co-founder of the cryptocurrency exchange Binance, has announced a reward ranging from $10,000 to $5 million for information confirming corruption among employees, with anonymity assured for the informant.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"zh\" dir=\"ltr\">\u611f\u8c22\u4eca\u5929\u6240\u6709\u5173\u5fc3\u5e01\u5b89\uff0c\u70ed\u7231\u5e01\u5b89\uff0c\u652f\u6301\u5e01\u5b89\u7684\u670b\u53cb\u4eec\uff0c\u4e5f\u6536\u5230\u4e86\u5f88\u591a\u5efa\u8bae\uff0c\u6211\u90fd\u6709\u8ba4\u771f\u4e00\u6761\u6761\u770b\u3002\u8fc7\u53bb\u5076\u5c14\u6709\u5173\u4e8e\u5e01\u5b89\u4e0a\u5e01\u4fe1\u606f\u6cc4\u6f0f\u7684\u6fc0\u70c8\u8ba8\u8bba\uff0c\u901a\u5e38\u662f\u4e00\u4e9b\u5c1a\u672a\u53d1\u5e03\u4ee3\u5e01\u7684\u9879\u76ee\uff0c\u793e\u533a\u4e3a\u4e86\u4fdd\u6301\u70ed\u5ea6\u8fc7\u5ea6\u5ba3\u4f20\u5e76\u4e0d\u9c9c\u89c1\uff1b\u4f46\u4eca\u5929RONIN\u4e0a\u5e01\u516c\u544a\u53d1\u5e03\u540eRONIN\u4ef7\u683c\u4e0b\u8dcc\u5f15\u53d1\u4e86\u793e\u533a\u6fc0\u70c8\u8ba8\u8bba\uff0c\u7ecf\u8fc7\u5185\u90e8\u8c03\u67e5\u53d1\u73b0\u662f\u4e4b\u524d\u96c6\u6210\u516c\u2026<\/p>\n<p>\u2014 Yi He (@heyibinance) <a href=\"https:\/\/twitter.com\/heyibinance\/status\/1754579213426835695?ref_src=twsrc%5Etfw\">February 5, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>This follows a series of accusations against the exchange&#8217;s team regarding potential leaks of information about various coin listings. The community particularly noted the sharp decline in the price of the Ronin (RON) token following its addition to Binance.<\/p>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\">\n<p lang=\"en\" dir=\"ltr\">we can tell <a href=\"https:\/\/t.co\/cBWdF4Xr0g\">pic.twitter.com\/cBWdF4Xr0g<\/a><\/p>\n<p>\u2014 Moon (@MoonGotchi) <a href=\"https:\/\/twitter.com\/MoonGotchi\/status\/1754440048089428135?ref_src=twsrc%5Etfw\">February 5, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>In the week leading up to the announcement, RON rose by more than 30%. An hour after the <a href=\"https:\/\/www.binance.com\/en\/support\/announcement\/binance-will-list-ronin-ronin-with-seed-tag-applied-dfea1e2ae7fd475196b215e673193c63\">listing announcement<\/a> on Binance, it fell by 18%. Over the course of a day, the price dropped by more than 26%, according to <a href=\"https:\/\/www.coingecko.com\/en\/coins\/ronin\">CoinGecko<\/a>.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"747\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/6b8b4c91-524e-4d6d-a775-06b14717361b-1024x747.webp\" alt=\"6b8b4c91-524e-4d6d-a775-06b14717361b\" class=\"wp-image-225446\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/6b8b4c91-524e-4d6d-a775-06b14717361b-1024x747.webp 1024w, https:\/\/forklog.com\/wp-content\/uploads\/6b8b4c91-524e-4d6d-a775-06b14717361b-300x219.webp 300w, https:\/\/forklog.com\/wp-content\/uploads\/6b8b4c91-524e-4d6d-a775-06b14717361b-768x561.webp 768w, https:\/\/forklog.com\/wp-content\/uploads\/6b8b4c91-524e-4d6d-a775-06b14717361b-1536x1121.webp 1536w, https:\/\/forklog.com\/wp-content\/uploads\/6b8b4c91-524e-4d6d-a775-06b14717361b.webp 1644w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Seven-day RON price chart. Data: CoinGecko.<\/figcaption><\/figure>\n<p>In response to this situation, the exchange plans to review its listing process, potentially cancelling it in the event of information leaks, and to tighten control over the team responsible for adding new coins.<\/p>\n<p>Binance will blacklist projects that hire employees dismissed for such actions.<\/p>\n<p>Yi He also suggested that Binance trading pairs and announcements might be monitored by scripts.<\/p>\n<p>In January, Coinbase director Conor Grogan highlighted several coins that users purchased minutes before their listing on Binance, only to sell them after the announcement.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">It appears that there is a pattern of Binance front-running over 18+ months<\/p>\n<p>I found connected wallets that:<br \/>-Bought $900k Rari seconds before and dumped minutes after listing<br \/>-Bought ~78K ERN between June 17 and June 21 and sold right after listing announcement<br \/>-Did same w\/ TORN <a href=\"https:\/\/t.co\/yAolrfeHkO\">https:\/\/t.co\/yAolrfeHkO<\/a> <a href=\"https:\/\/t.co\/VRq3vzfcgd\">pic.twitter.com\/VRq3vzfcgd<\/a><\/p>\n<p>\u2014 Conor (@jconorgrogan) <a href=\"https:\/\/twitter.com\/jconorgrogan\/status\/1617319827852431360?ref_src=twsrc%5Etfw\">January 23, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>He speculated that insiders within the exchange&#8217;s team or external traders who discovered test transactions with the token on the platform might be involved.<\/p>\n<p>Back in late 2023, the Hooked Protocol team was suspected of insider trading.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Yi He, co-founder of the cryptocurrency exchange Binance, has announced a reward ranging from $10,000 to $5 million for information confirming corruption among employees, with anonymity assured for the informant. \u611f\u8c22\u4eca\u5929\u6240\u6709\u5173\u5fc3\u5e01\u5b89\uff0c\u70ed\u7231\u5e01\u5b89\uff0c\u652f\u6301\u5e01\u5b89\u7684\u670b\u53cb\u4eec\uff0c\u4e5f\u6536\u5230\u4e86\u5f88\u591a\u5efa\u8bae\uff0c\u6211\u90fd\u6709\u8ba4\u771f\u4e00\u6761\u6761\u770b\u3002\u8fc7\u53bb\u5076\u5c14\u6709\u5173\u4e8e\u5e01\u5b89\u4e0a\u5e01\u4fe1\u606f\u6cc4\u6f0f\u7684\u6fc0\u70c8\u8ba8\u8bba\uff0c\u901a\u5e38\u662f\u4e00\u4e9b\u5c1a\u672a\u53d1\u5e03\u4ee3\u5e01\u7684\u9879\u76ee\uff0c\u793e\u533a\u4e3a\u4e86\u4fdd\u6301\u70ed\u5ea6\u8fc7\u5ea6\u5ba3\u4f20\u5e76\u4e0d\u9c9c\u89c1\uff1b\u4f46\u4eca\u5929RONIN\u4e0a\u5e01\u516c\u544a\u53d1\u5e03\u540eRONIN\u4ef7\u683c\u4e0b\u8dcc\u5f15\u53d1\u4e86\u793e\u533a\u6fc0\u70c8\u8ba8\u8bba\uff0c\u7ecf\u8fc7\u5185\u90e8\u8c03\u67e5\u53d1\u73b0\u662f\u4e4b\u524d\u96c6\u6210\u516c\u2026 \u2014 Yi He (@heyibinance) February 5, 2024 This follows a series of accusations against the exchange&#8217;s team regarding potential leaks of information about various [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":10460,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[744,1188,1286,1359],"class_list":["post-10461","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-binance","tag-data-breach","tag-listing","tag-ronin"],"aioseo_notices":[],"amp_enabled":true,"views":"84","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/10461","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=10461"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/10461\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/10460"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=10461"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=10461"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=10461"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}