Binance Probes Insider Trading Allegations After Suspicious $2.3M BOME Token Purchase Ahead of Surprise Listing

Binance investigated allegations that an employee used insider info to profit from the BOME token listing. Binance claims the person involved has no connection to the exchange.

Questions emerged when someone bought $2.3M in BOME tokens right before the surprise Binance listing, tripling their money minutes later.

Binance listed BOME under 48 hours after launch, much faster than the normal process that takes weeks or months.

Binance pledged bounties from $100k to $5M for info regarding illegal/unethical activity by employees. It's unclear if Binance is probing the rushed BOME listing process.

The BOME whale has retained their holdings despite token price dropping 36% from listing peak, still up 55% from their pre-weekend buy-in price.