Binance Clarifies "Rat Trading" Rumors: A Case of Mistaken Identity

On September 17, Binance's official Chinese language channel addressed circulating rumors about "rat trading" within the community. The rumors stemmed from a screenshot of a KOL (Vic TALK) group, suggesting Binance had leaked confidential information about upcoming coin listings.

Binance clarified that this was a false accusation. The information mentioned in the screenshot was based on a "win rate" prediction from a secondary trader, not insider information.

Binance takes such allegations very seriously and has a zero-tolerance policy for any form of leak or corruption. They encourage users to report any suspicious activity related to coin listings or other forms of corruption.

Binance pledges to investigate any verified claims and offers a reward of $10 million to $50 million for information that leads to the identification of any Binance employee involved in such misconduct, while protecting the identity of the whistleblower.