A suspected insider trading controversy has sparked heated discussion in the crypto community. Twitter user "BroLeon from Down Under" recently publicly accused Binance employee Freddie Ng of allegedly participating in $UUU token manipulation through a secondary account, establishing a position before the pump and successfully profiting. This event, dubbed a "mouse warehouse" incident, quickly ignited community attention.

Operation Workflow: Secondary Account Entry, Money Laundering, Profit Escape

According to the on-chain data published by BroLeon, Freddie Ng allegedly used a secondary account address 0xEDb0f67f936d5105683e58953e4eB436e0101F59 to establish a position of 10 BNB when $UUU price was low, purchasing approximately $312,000 worth of $UUU. He then transferred these tokens to an address believed to be a "money laundering wallet" 0x44af67fe90facfdffdd4e324cd68c2e6b99a8870, and sold them at the peak through a Bitget wallet, earning 181.4 BNB (about $110,000) in the first transaction.

Afterward, he further dispersed the remaining $UUU to eight different wallets, each containing tens of thousands of dollars, seemingly to avoid tracking and scrutiny.

Key Mistake: Mouse Warehouse Wallet Actually Has Transfer Record with Real Name Address

Although this series of operations seemed meticulous, Freddie Ng ultimately made a mistake. BroLeon pointed out that the employee's secondary wallet's funds could be traced back 121 days to a transfer from his real-name wallet freddieng.bnb (address 0x77C1f6CDB2C5c223e7bD2203382CD034F4f98a1A). This on-chain connection almost confirms his identity.

Additionally, BroLeon discovered that the real-name wallet had participated multiple times in Binance's official IDO (Initial DEX Offering), an activity limited to KYC-verified users, further strengthening the real connection between these two wallets.

Low Market Cap Entry Motive Sparks Controversy, Community Demands Binance Investigation

According to the disclosed data, Freddie Ng entered when $UUU's value was only $200,000. BroLeon questioned this, arguing that if the token's market cap had reached $2 million, reasonable suspicion would be acceptable; however, positioning at such a low market cap clearly suggests insider trading.

Currently, BroLeon has tagged CZ, Binance's founder, and Binance's official team account, calling for a thorough investigation and an explanation to the community. He also expressed hope that this is just a misunderstanding, not a confirmed insider event, as it would significantly damage market confidence.

Binance Yet to Respond, Involved Party Disappears from Twitter

As of now, the named party Freddie Ng (@FreddieNg88) has not made a public response. Binance has also not issued a statement about the incident. The community continues to track the event's subsequent developments.

This incident not only highlights the importance of on-chain transparency again but also brings the regulatory and moral risks of centralized exchange internal personnel behavior back into focus in the crypto community.