Binance Launches Probe into BOME Insider Trading, Offers Lucrative Rewards for Tips

Binance has initiated an investigation into allegations of insider trading surrounding the Book of Meme (BOME) cryptocurrency after its recent listing on the platform. The exchange clarified that the individual implicated in the incident does not have any association with Binance personnel. To encourage transparency and accountability, Binance announced a rewards program offering monetary incentives ranging from $100,000 to $5 million for verified reports related to insider trading or corruption in currency listings. The exchange emphasised its commitment to conducting thorough inquiries into the matter and promised to keep the public informed of any developments arising from the investigation. This move comes after BOME's price experienced significant volatility following its listing on Binance, prompting speculation about potential insider trading activities.