Token dump following Binance itemizing raises insider trading suspicions

Token dump following Binance itemizing raises insider trading suspicions

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Insider trading has turn into a burning matter within the crypto ecosystem, especially in light of the most modern conviction of an ex-Coinbase manager’s brother. The insider trading charges were believed to be the predominant titillating cryptocurrency, and now one other space of pockets addresses with transaction history linked to Binance listings has raised suspicion.

Conor Grogan, director of Coinbase (NASDAQ:COIN), took to Twitter to flag the transaction impart of about a nameless wallets at some stage within the last 18 months. The nameless wallets allegedly sold more than one unlisted tokens minutes earlier than their itemizing announcement on Binance and dumped them simply after the announcement.

<em>Breeze of ERN tokens put up Binance itemizing. Source: Etherscan</em>
<em>Breeze of RAMP tokens from suspected pockets put up Binance itemizing. Source: Etherscan</em>

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