Binance Issues Statement on "Rat Hole" Rumors

PANews, September 17th: Binance Chinese released a statement on the X platform addressing rumors of a "rat hole" circulating in the Chinese community, stemming from screenshots of a major influencer's group chat. While these screenshots were ultimately proven to be a misunderstanding, Binance takes such issues seriously. Any confirmed instance of information leakage or corruption will be dealt with rigorously.

Following exchange compliance requirements, all Binance employees must complete mandatory compliance training. Additionally, Binance has an independent audit team dedicated to investigating such violations. If information leaks or insider trading are confirmed, Binance will immediately initiate legal proceedings to refer relevant individuals to the judicial authorities, with severe cases facing criminal liability.

Binance encourages reporting of all forms of corruption, with rewards reaching up to USD 5 million. Reporting channels are open and transparent, welcoming any leads regarding listing coins or other forms of corruption. Upon verification, if the reported incident involves internal Binance personnel, a reward ranging from USD 10,000 to USD 5 million will be provided while protecting your personal information.