🧵 1/4: Binance adjusts token listing methods amidst allegations of malpractice by employees. Internal mechanisms will be implemented and listing procedures will be adjusted. Via Yi He. #crypto
🧵 1/4: Binance adjusts token listing methods amidst allegations of malpractice by employees. Internal mechanisms will be implemented and listing procedures will be adjusted. Via Yi He. #crypto
🧵 2/4: Reports claim price drops and suspicious activities for tokens listed on Binance. Stricter management and improved communication will be enforced. Infractions will lead to cancellation.
🧵 3/4: Binance offers $5M whistleblower reward to users who identify corrupt employees involved in coin listings. Stricter measures for corrupt employees joining projects also imposed.
🧵 4/4: Binance improves technical monitoring, discloses contract information. Previous approach isolated token listing research, paving the way for fraud. Transparency and security are prioritized.
🧵 Read more at: https://cryptonews.com/news/binance-discloses-token-listing-adjustments-offers-5-million-whistleblower-reward.htm