TechFlow News — Binance responded on Twitter to Wu Blockchain's report questioning potential insider trading regarding the OSMO listing. The investigation concluded that data displayed on the Osmosis blockchain explorer was misinterpreted. It found that a large amount of OSMO was purchased approximately one day before the listing announcement, but all tokens were quickly traded for ATOM prior to the official announcement of OSMO’s listing on Binance. The transaction path was USDC to OSMO to ATOM. While this address still holds OSMO, its initial purchase occurred in November 2021.
Therefore, the investigation concluded that this was a mislabeled display on the explorer, as the bulk OSMO purchases were sold before the Binance listing announcement. These were legitimate transactions, not insider trading. Binance also attached the complete transaction history of the relevant addresses. Original link
