Binance employee's "Rat Warehouse" project involved uDEX: 18 million UUUs related to insider trading will be destroyed
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2025-03-27 16:03 7,081
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On March 27, uDEX announced that it has been coordinating with various stakeholders recently and reached an agreement on the following actions: a series of measures will be taken to enhance transparency and stability, including locking in the developer wallet for 2 years, using 149 million UUUs for community airdrops and liquidity management, destroying 500 million UUUs and sending to black holes, and destroying 18 million UUUs through Binance for clearing insider trading. These actions are designed to clear uncertainty and drive the project forward. Previously, uDex officially deployed token UUU on the Four.Meme platform. A Binance Wallet employee's affiliate address made a profit of US$113,600 by trading Meme coins UUU. Binance notified that the employee has been suspended and will be held legally responsible.