Binance Offers $5M Bounty for Listing Fraud Evidence

2 mins mins

Key Points:

Binance announces a $5 million reward to combat listing fraud.
He Yi urges caution against relying on “listing agents.”
Market reacts to whistleblower claims, affecting Ronin’s token.

Binance co-founder He Yi announced a $5 million reward for those providing evidence of fraud involving listing agents, emphasizing no fees for listing applications on the platform.

This initiative aims to curb fraudulent activities, restore user confidence, and mitigate market impacts like those witnessed in the Ronin token listing situation.

Binance’s $5M Initiative Against Fraudulent Token Listings

Binance’s reward program sets out to combat fraudulent listing practices. He Yi emphasized that no fees are needed for Binance listings and warned against trusting listing agents. She asserted that reports with genuine evidence could earn up to $5 million.

Community sentiment is rife with tension due to ongoing rumors. Some projects express relief, as this initiative might protect legitimate startups. He Yi reassures affected parties by promising stringent investigations and penalties for those involved in fraud.

“We are offering up to $5 million in rewards for credible evidence of insider trading related to listing agents.” – He Yi, Co-founder, Binance source

Ronin Token Drop Highlights Market Sensitivity to Fraud

Did you know? Ronin’s price significantly dropped by 28% in 24 hours due to alleged leaks and potential pump-and-dump schemes, highlighting the impact of fraud on token stability.

As of December 17, 2025, Ronin (RON) holds a market cap of $113 million according to CoinMarketCap. The token price, currently at $0.16, reflects a 2.10% decrease over 24 hours and a 36.59% drop within 30 days, illustrating fluctuating market conditions.

ronin-daily-chart-2 — Ronin(RON), daily chart, screenshot on CoinMarketCap at 09:09 UTC on December 17, 2025. *Source: CoinMarketCap*

Binance’s initiative to curb fraud highlights potential advancements in regulatory compliance and technological oversight. The Coincu research team anticipates increased scrutiny on project listings, potentially stabilizing investor confidence and promoting safer trading environments.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.