A compensation scheme has been announced by well-known cryptocurrency exchange Binance for individuals who contribute information that helps expose dishonest staff. Yi He, a co-founder, disclosed that consumers might get paid anywhere from $10,000 to $5 million for accurate reports on dishonest employees. This endeavor intends to address concerns about internal corruption within Binance and coincides with the company's revision of its token listing procedures.

He conveyed the administration's apprehension regarding the hearsay that is making the rounds in the cryptocurrency world about employee malfeasance at Binance. Soon after the Ronin (RON) tokens were launched on the exchange, their price dropped precipitously, which gave rise to these rumors. Before the listing, the token—which is linked to a blockchain project for gaming—saw a notable price increase, but an hour after it was announced on Binance, it fell by more than 26%.

Opponents in the cryptocurrency space have suggested that the sudden decline in the price of the RON token may have been caused by leaks of confidential data from Binance. They quote Coinbase director Conor Grogan as saying that two weeks before the listing, there was a noticeable increase in the buying of Ronin tokens by cryptocurrency wallets purportedly associated with members of the Binance listing team. Grogan's findings have increased rumors that Binance's token listing processes are dishonest and that insider trading occurs.