Binance offers $5M snitch bounty after RON token listing sparks ‘heated’ debate

Binance co-founder Yi He said the crypto exchange is offering $10,000 to $5 million for information that verifies corrupt employees.

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Crypto exchange Binance has launched a $5 million bounty for information on potentially corrupt staff members after a spate of accusations alleged its crypto token listing could be front-run due to leaks.

In a series of Feb. 5 X posts, Binance co-founder Yi He said “heated discussions” had taken place in the community after a recent plunge in the price of Ronin (RON) after it listed on Binance.

Some community members on X alluded to a leak from inside Binance as the cause — but Yi He said that Binance found users discovered blockchain data showing the exchange readying to receive the token.

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