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Some commenters are saying Binance did this intentionally, claiming that if they really wanted to catch insider trading, they could easily control it. That underestimates human greed and the difficulty of effective control.
Fighting insider trading is a long-term endeavor for all centralized exchanges (CEXs), the only difference being the intensity of their efforts. Binance has actually had a good reputation in this area, and OKX is also quite ruthless in its anti-corruption efforts.
Just a few days ago, Lao Xu personally mentioned an internal anti-corruption case to me:

土澳大狮兄BroLeon |
@NB |
这个先发meme后发推的乌龙的确挺可疑,还没谈恋爱娃生出来了😂😂😂。
有人说会不会是币安操盘想搞meme行情?我决定可能性不大,刚问了一下说币安上面挺震怒的,内部已经在严查了,如果是真的老鼠仓那的确性质恶劣,对此类事情零容忍,有调查结果会第一时间向大家公布。 x.com/sisibinance/st…



This time, Star got dragged into this mess 🥲. I honestly don't know who this guy is, so please don't ask. I just happened to be writing about this topic today and remembered something he said a couple of days ago, so I mentioned it briefly. This is... freaking...
This one...maybe I should delete it.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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