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CryptoIntelligence 2024-03-20 16:11:51

Binance Offers Up to $5 Million Reward for Insider Trading Tips Amid Memecoin Listing Controversy

Binance, a leading cryptocurrency exchange, has announced a new initiative to combat insider trading and corruption within its platform. Offering rewards ranging from $100,000 to $5 million, Binance seeks information from individuals who can provide credible reports on potential insider trading or corrupt activities. This announcement comes in the wake of controversies surrounding the listing of a new Solana-based memecoin, Book of Meme (BOME), which was paired with various currencies including Bitcoin, Tether, First Digital USD (FDUSD), and the Turkish lira on March 16. Additionally, Binance Futures introduced a perpetual contract for BOME with up to 50x leverage. The decision

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