Binance rocked by internal corruption scandal: coin issued before announcement? Chinese community manager: strict investigation will be conducted

Binance has been reported to have internal corruption. At 1:30, the official Binance Futures Twitter admin posted an image and text saying “The year of the yellow fruit and harvest.” However, sharp-eyed netizens noticed that at 1:29, someone had already launched a meme coin with the same name and image on-chain. The user questioned how it was possible for someone to know about Binance’s post content a minute in advance, suspecting that an internal employee had violated rules by issuing the coin. Currently, Sisi, the head of Binance’s Chinese community, stated that a thorough investigation is underway and encourages everyone to report corruption.

Year of the Yellow Fruit: Coin issued at 29, tweet at 30

A user questioned on Twitter: The Binance Futures official Twitter admin posted the “The year of the yellow fruit and harvest” image and text at 1:30, but there was already a record of a meme coin with the same name deployed on-chain at 1:29. He doubted that it was impossible for someone to know Binance’s post content a minute early and suspected insider wrongdoing, with an employee secretly issuing the coin to take advantage of users.

Source: @CryptoKobe92 Binance Chinese Community Head: Thorough Investigation

In response, Sisi, head of Binance’s Chinese community, replied: We are aware of the relevant feedback and are conducting an internal review. We have zero tolerance for any actions involving coin listings or other corrupt behavior. Once the investigation results are confirmed, we will immediately update the community on the progress.

She stated that Binance’s reporting channels are open and transparent, and welcomes any leads regarding coin listings or other forms of corruption at any time. Please feel free to email your reports to: audit@binance.com

This article, “Binance rocked by internal corruption allegations, coin issued before tweet? Chinese community head: Thorough investigation,” first appeared on Chain News ABMedia.