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Showing posts with the label insider trading

Binance suspends team member who used BNB Chain info to front-run token

Binance suspended a member of its wallet team on Tuesday for insider trading after he was discovered leveraging information from his previous BNB Chain role to front-run an undisclosed token release. An insider trading report shared by Binance revealed how the man, aware of an upcoming token-generation-event, bought large amounts of the token with multiple wallets, knowing it would make him a profit.  Binance was tipped off on March 23, and, after an investigation, suspended the individual and is taking “appropriate legal action .”  Binance employees can now trade up to $5,000 in crypto, report Read more: Traders speculate about mystery crypto exec behind alleged $10B divorce Binance didn’t reveal their identity, but users on X appeared to reveal that the man is called Freddie Ng. One wallet shared by the user “py” on DEX Screener appears to show that Ng made $82,400 from at least one wallet involved in the insider trading of uDEX’s UUU token. ...

Elon Musk: Dogecoin Lawsuit Ends as Investors Withdraw Appeal

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The ongoing legal battle regarding Elon Musk’s connection with Dogecoin has come to an end, as investors have withdrawn their appeal. Indeed, the lawsuit had accused the Tesla CEO of manipulating the price of DOGE, accusing fraud and insider trading. However, that has officially come to an end, with investors in the cryptocurrency withdrawing their appeal. Additionally, Musk and Tesla have withdrawn their motion to sanction the opposition legal team over the lawsuit. The case was previously dismissed on August 29th, when investors had sought to continue taking legal action against Musk. JUST IN: Investors withdraw appeal and legal motion against Elon Musk, accusing him of rigging Dogecoin $DOGE and conducting insider trading. pic.twitter.com/gYQ7UPLWkf — Watcher.Guru (@WatcherGuru) November 15, 2024 Also Read: Elon Musk Says Dogecoin Flat Inflation is a ‘Feature’ Not a Bug Elon Musk Dogecoin Lawsuit Officially Ends After Appeal Withdrawal There is no denying the connec...

Trader or insider? Investor turns $58,000 into $7.5 million

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An unidentified cryptocurrency trader is capitalizing on the growing meme coins boom, earning significant returns on their Goatseus Maximus (GOAT) investments.  Besides these returns, the investor’s trading pattern has raised questions about whether they are a highly skilled trader or have utilized insider knowledge in their transactions. Details of the trade indicate that the mysterious investor turned an initial $58,000 investment into a staggering $7.5 million by buying GOAT, according to on-chain analytics data shared by Arkham on November 1. Picks for you US Treasury bonds on the rise and this is 'absolutely terrifying,' warns analyst 2 hours ago Bitcoin “bull-trap” alert: Is the path to $100,000 still open for BT...