The purpose of this report is twofold: first, to investigate whether there is any indication of Binance engaging in front-running activities related to token listings; and second, to compile a list of suspected addresses and their related activities.
Based on the timely accuracy of many of these trades, it seems likely that these entities may have had access to privileged information about the listings. This could potentially be due to the discovery of an API or exchange leak by traders or on-chain detectives. However, proving front-running activities can be challenging, and while trading records can be helpful, other evidence may also be necessary to build a strong case.
In our analysis, we examined historical...