Binance Launches Internal Investigation Following Reports of BOME Insider Trading
Binance has initiated an internal investigation in response to mounting concerns and community discussions regarding potential insider trading associated with Book of Meme (BOME), a meme coin built on the Solana blockchain.
On Monday, Binance issued an official statement on the X platform, announcing the commencement of an internal inquiry into the matter.
“Recently, we have noticed discussions in the community about the so-called Binance “BOME rat warehouse” incident,” the exchange wrote.
“We take this information very seriously and immediately launched an internal investigation based on relevant leads.”
The primary objective is to determine whether any Binance personnel were involved in the alleged misconduct.
The exchange said that the preliminary findings of Binance’s internal investigation have revealed no connection between the individual in question and the exchange.
Binance also urged individuals with information about any wrongdoing, including insider trading or corruption related to currency listings, to come forward.
The exchange even pledged rewards ranging from $100,000 to $5 million for verified reports, ensuring the anonymity of whistleblowers.
“If you have any reports involving currency listing and other corruption, or if we verify that Binance team members are corrupt, we will provide you with a reward of US$100,000 to US$5 million while keeping your identity confidential.”
Upon receiving information about the large BOME transaction, we immediately initiated an internal investigation, and the results showed that the user is not a member of Binance staff.
Transparency is a top priority at Binance, and our investigations team will continue to look…
— Binance Customer Support (@BinanceHelpDesk)
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