Listing RONIN, Binance co-founder Yi He made adjustments to the disclosure of listing information

Binance co-founder Ms. Yi He said that in the future, if the listing information of a coin is leaked to the outside, the listing of that coin will also be canceled by the exchange.

After listing RONIN, Binance co-founder Yi He made adjustments to the disclosure of listing information

On the evening of February 5, after Ronin Network's RONIN coin was listed on Binance, there were countless discussions surrounding the continuous decrease in price of the coin, especially suspicions of insider trading from prior knowledge. listing time.

Previously, right after Binance announced the listing, an account was said to have sold off 1 million USD of RONIN on OKX, causing the coin price to fall from about 3.5 USD to 2.7 USD.

Because of the above controversies, MsYi HeBinance co-founder on the evening of February 5 said he had conducted an investigation and confirmed that there had been insider trading on the part of Ronin Network.

Therefore, to limit the leakage of listing information in the future, the female leader has made some "deterrent" adjustments, with content such as:

1. For Binance's listing team, if information is discovered to be leaked for any reason, the employee will be warned once and will be fired if the violation occurs a second time.
2. For Binance partners, if any information is leaked, the listing of that coin will also be canceled. Coins discovered to be leaked after the exchange's announcement will be included in the extension list.
3. Binance will award from 10,000 USD to 5 million USD to those who are willing to report corruption and fraud via email.Audit@binance.com, the identity of the whistleblower will be kept confidential.

According to  WSJ , after CZ, Yi He is said to be the largest shareholder, owning 10%  of Binance's shares . She has extensive control over the marketing and investment departments, but does not appear too often in the media.

In the past, she also spoke up many times about internal management and not allowing employees to sell coins within a certain period of time. In June 2022, the US Securities Commission also jumped in Investigate insider tradingon crypto exchanges.