Binance will tighten control over the listing process

06.02.2024
06.02.2024

Binance co-founder Yi He said that from now on the company will reconsider its approaches to listing new projects. The announcement comes amid the decline of RONIN and user complaints that no listing on Binance goes through without a leak.

Now the following rules will work:

— Members of the Binance listing team will be subject to stricter controls. If a potential listing data breach is detected, they will be alerted. If the violation is recorded a second time, they will be fired.

— Binance will pay a reward ranging from $10K to $5 million to anyone who provides information about corrupt members of the Binance team.

— Binance will blacklist projects and funds that hire employees fired from Binance for corruption.

— If there is a leak of information about the listing, the listing will be cancelled.

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