Binance CEO Changpeng ‘CZ’ Zhao said the exchange had frozen $2 million associated with a crypto address associated with an alleged insider trader.
In a March 28 Twitter thread, FatMan Terra said an anonymous individual front-ran several Binance altcoin listings to book a seven-figure profit. Citing on-chain data, the crypto influencer detailed how the trader’s “covert operations” were exposed.
Insider allegedly made $1.4M from inside trading
According to a January report cited by FatMan Terra, there were 16 possible instances of insider trading on Binance where the trader made a cumulative profit of $1.4 million.
In one of the cases, the insider bought Frax Share’s FXS on Uniswap over six days in small batches after funding a wallet “0xd23” …