Binance Responds to Allegations of Insider Trading of Solana Meme Coin BOME

Published 18/03/2024, 14:18
Binance Responds to Allegations of Insider Trading of Solana Meme Coin BOME
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Coin Edition -

  • Binance recently faced allegations of insider trading of the Solana-based meme coin BOME.
  • The exchange clarified that the individual implicated in its allegations is not affiliated with Binance.
  • Binance has deposited up to $5 million for verified instances of corruption within its system.

Binance has released an official statement in response to recent allegations circulating within the crypto community regarding insider trading of the Solana-based meme coin, BOOK OF MEME (BOME). The statement came via Binance’s official Chinese handle on the X platform.

The controversy centered around what has been dubbed the “BOME Rat Barn” incident, which pointed accusing figures at Binance officials. This development has prompted Binance to initiate an internal investigation. According to its preliminary findings, the exchange clarified that the individual implicated in the allegations is not affiliated with Binance.

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