UPDATED: March 18, 2024, 5:09 a.m. EDT
Binance today said a “significant BOME transaction” has nothing to do with Binance personnel, following concerns on potential insider trading associated with the newly listed memecoin, Book of Meme.
“After receiving information about the large BOME transaction, we immediately launched an internal investigation and the results showed that the user is not a Binance staff member,” Binance said in an X post. job.
The world’s largest cryptocurrency exchange added that it is offering a reward of $100,000 to $5 million to users who report relevant fraudulent behavior.
Binance’s statement follows on-chain data company Lookonchain wrote on X Friday, a wallet withdrew 12,721 GROUND
-0.36%
Saturday, Binance listed BOME trading pairs – BOME/BTC, BOME/USDT, BOME/FDUSD and BOME/TRY – and the BOME price has since jumped more than 1,500% on the exchange.
Source: Binance
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