An anonymous trader secured more than $100,000 in profit after buying and selling GainsNetwork_io (GNS) tokens shortly before and after they were listed on binance. Reporting by oknightcrypto.
. The trader bought the tokens on decentralized exchange aggregator 1Inch before selling them on the same venue after the price had surged.that what appeared to be frontrunning had been occurring on Binance for more than 18 months.
"If this is frontrunning, there could be a few reasons for it," he wrote."Insider MNPI, most likely from a rogue employee connected to the listings team who would have details on new asset announcements, or a trader who found some sort of API or staging/test trade exchange leak." Binance chief strategy officer Patrick Hillmann responded by saying company policy restricts Binance employees from trading over short periods, with a 90-day lock being imposed on token sales. The policy has been in place since 2021, he
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