A Binance employee was involved in a "rat trading" project uDEX: 18 million UUUs related to insider trading will be destroyed

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On March 27, according to official sources, uDEX announced that it has been coordinating with stakeholders and reached consensus on the following actions: a series of measures to enhance transparency and stability, including locking developer wallets for 2 years, allocating 149 million UUU tokens for community airdrop and liquidity management, destroying 500 million UUU tokens by sending them to a black hole, and destroying 18 million UUU tokens through Binance to eliminate insider trading. These actions aim to eliminate uncertainty and promote project development.

Previously, uDex officially deployed the UUU token on the Four.Meme platform. An employee from a Binance Wallet associated address profited $113,600 by trading the Meme coin UUU. Binance reported that the employee has been suspended and will be held legally responsible.

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