Allegations Against Binance Wallet Developer

According to recent allegations, Binance Wallet developer Freddie Ng reportedly made a realized profit of $113,000 and an unrealized profit of approximately $200,000 in the UUU token on the Binance Smart Chain network through transactions on decentralized exchanges.

Interestingly, Ng, using the address freddieng.bnb, transferred $6,227 worth of assets to another address and purchased 24.1 million UUU tokens, amounting to roughly 2.4% of the UUU token supply.

Subsequently, around 6 million UUU tokens were sold, yielding $113,000 in revenue. Currently, 18 million UUU tokens, valued at approximately $200,000, remain in various addresses.

Rumors suggest that the UUU token might soon be added to the Binance Alpha pre-listing pool. The token experienced rapid growth, peaking with a market cap exceeding $50 million, while its current market cap hovers around $12 million.

Binance has not issued any comment on this matter.

*This is not investment advice.