TechFlow news: Binance co-founder He Yi responded on X to rumors of alleged insider trading related to RONIN, and announced six corrective measures.
She stated: "There have occasionally been intense discussions in the past about leaks of Binance listing information—especially for projects whose tokens haven't yet been launched. Over-hyping by communities to maintain momentum is not uncommon. However, after today's official announcement of RONIN's listing, the subsequent price drop triggered strong community backlash. Our internal investigation revealed that previously, as part of integrating a public chain and assisting users with token recovery, on-chain aggregation activities were detected externally, leading to speculation within the community about Binance listing RONIN. After careful consideration, we will implement the following adjustments to our current listing procedures:
1) Internal adjustments at Binance: The listing process involves multiple teams including business development, research, Pre-IC, IC, development, operations, and announcements. We will strengthen internal management and enforce stricter firewalls among these teams. Any team member involved in a project found responsible for information leakage—regardless of reason—will receive a warning for the first offense and immediate termination for the second."
2) Adjustments regarding external partners: External business communications often involve refining project research details, discussing token models, token custody management, and communicating with project investors. We will further improve these processes. If any listing-related information is leaked prior to listing, the listing will be canceled. If a leak is discovered after the announcement, the listing will be indefinitely suspended and reconsidered based on future evaluations."
3) We will enhance technical monitoring. Currently, we cannot rule out the possibility that Binance trading pairs and announcements are being monitored by bots or scripts. Although content is encrypted, the act of adding new listings can still be detected, which sometimes causes fluctuations in BNB’s price, leading many to speculate that a Launchpool is imminent. If you have any leads, please contact us with information."
4) In the past, Binance avoided publicly sharing contact information to isolate research from business activities, but this has created opportunities for scammers. To address this, we are now publishing the official application link.
5) High-value bounties: We welcome reports of any misconduct related to listings or corruption. If verified evidence confirms corrupt behavior by any Binance employee, we will reward the whistleblower with $10,000 to $5 million under our security vulnerability rewards program, while fully protecting their identity.
6) For any employee confirmed to have engaged in corruption, once terminated, if they join any project or fund, that project or fund will be placed on Binance’s permanent blacklist for listings. We encourage all funds and projects to contact Binance for background checks before extending offers of employment."
