How to find insiders on Binance
How to Spot Insiders on Binance
The goal of this article is to investigate whether there are signs of frontrunning related to Binance's token listings and to collect data on suspicious addresses and their activities. During the analysis, we identified cases where traders might have had access to confidential information, possibly due to an API or exchange leak. Although proving frontrunning is challenging, an analysis of historical transactions can help identify such cases.
Frontrunning refers to the practice where traders use insider information to execute trades before official announcements. In the case of cryptocurrencies, this can happen before the listing of new tokens on exchanges, giving an opportunity to profit from price swings.
|
Announcement timestamp (UTC) |
Token |
Token Address |
Chain |
|
|
0 |
2023-02-22 06:30:00 |
SYN |
0xf2d719407dfbeff09d87557abb7232601fd9f29 |
Ethereum |
|
1 |
2023-02-17 07:34:00 |
GNS |
0xe5417af564e4bfd1a6438642db72007871397896 |
Polygon |
|
2 |
2023-02-17 07:34:00 |
GNS |
0x18c11fd286c5ec11c3b683caa813b775163a122 |
Arbitrum |
|
3 |
2023-02-28 07:15:00 |
LQTY |
0x6dea81c8171d0ba574754ef6f8a412f2ed88c54d |
Ethereum |
|
4 |
2023-01-18 04:00:00 |
RPL |
0xd33526068d116ce69f19a9ee46f0bd304f21a51f |
Ethereum |
|
5 |
2022-12-12 04:10:00 |
MAGIC |
0x539bde0d7dbd336b79148aa742883198bbf60342 |
Arbitrum |
|
6 |
2022-12-12 04:10:00 |
MAGIC |
0xb0c7a3ba49c7a6eaba6cd4a96c55a1391070ac9a |
Ethereum |
|
8 |
2022-10-05 06:00:00 |
GMX |
0xfc5a1a6eb076a2c7ad06ed22c90d7e710e35ad0a |
Arbitrum |
|
9 |
2022-08-19 06:11:00 |
STG |
0xaf5191b0de278c7286d6c7cc6ab6bb8a73ba2cd6 |
Ethereum |
|
10 |
2022-06-01 01:00:00 |
OP |
0x4200000000000000000000000000000000000042 |
Optimism |
|
11 |
2022-05-09 06:57:00 |
LDO |
0x5a98fcbea516cf06857215779fd812ca3bef1b32 |
Ethereum |
|
12 |
2022-04-29 05:58:00 |
NEXO |
0xb62132e35a6c13ee1ef084dc5d40bad0d8d815206 |
Ethereum |
|
13 |
2022-03-17 07:02:00 |
APE |
0x4d224452801aced8b2f0aebe155379bb5d594381 |
Ethereum |
Methodology
To identify frontrunners linked to Binance listings, we used data from three time frames:
- Accumulation of tokens during the week before Binance’s listing announcement.
- Accumulation of tokens on the day of Binance’s listing announcement.
- Accumulation of tokens 2 hours before Binance’s listing announcement.
