Insider Trading

[Suba]

Insider trading is an illegal trading action in the commodity market, either stocks or crypto, insider trading is often carried out by employees of an exchange where they have unpublished information and confidential information so that they can easily make a profit. Insider trading will be quickly revealed if they open large positions, Not long ago, insider trading was caught from the Binance exchange which was eventually fired and detained. What is difficult to track is if insider trading is done indirectly. traders are a team/friend of someone who works at the exchange. Exchange workers only inform the type of stock or crypto that their team must buy, and the maximum amount is only $ 3k per trader, then exchange workers also inform when they (the team) must sell it.

This is one of the shortcuts (short swing profit) in the Capital Market and crypto exchanges.

 

[kit_hung]

Binance discovered an employee who was engaging in insider trading using information from his previous job. He bought tokens through multiple accounts before the project’s launch and made a large profit. Binance fired him and is cooperating with authorities to investigate further.

 

[Starmix]

That's one reason why my country ordered Google to remove the BNB in my country because of fraudulent activities done by unscrupulous inside trading. Many were reported on TV news victims of this.