Binance has issued a firm cautionary statement in response to anomalies related to the Ronin listing. The exchange observed instances where individuals with advance knowledge of the listing engaged in transactions prior to the official disclosure.
Emphasizing the importance of confidentiality, Binance reiterated that “non-disclosure” stands as a core policy for all external listing collaborators. The exchange underscored that any project found breaching this protocol would face swift consequences, including immediate termination of listing services or delisting of the project token. Binance urged all external listing collaborators to heed this warning seriously.
The exchange has introduced a Personnel Trading Policy, incorporating a blackout period and stringent trading limitations for both its staff and their pertinent family members. Binance asserts its commitment to meticulously safeguarding non-public information to deter insider trading.
As per the statement, any employee caught misusing non-public information or engaging in other misconduct will be permanently blacklisted. Such individuals will not only be terminated from their positions at Binance but will also face legal action to the fullest extent, resulting in reputational damage.
Binance further emphasized its readiness to collaborate with law enforcement authorities in investigating any potential criminal activities without hesitation.
