uDEX: 500 million UUU will be sent to a black hole address for destruction, and tokens related to insider trading involving Binance employees will also be destroyed
ChainCatcher news, uDEX announced that the team has coordinated with all stakeholders and reached the following action plan: the development team wallet (similar to a foundation) will be locked for 2 years; 149 million UUU in the internal wallet (accounting for 14.9% of the total supply) will be used for community airdrops, partnerships, and liquidity, with all operations remaining transparent and implementing rolling locks; 500 million UUU (accounting for 50% of the total supply) will be sent to a black hole address for permanent destruction, expected to be completed soon; 18 million UUU related to insider trading will be destroyed with the assistance of Binance.Previously, according to an official announcement from Binance, its internal audit team received a report on March 23, 2025, alleging that an employee used insider information for front-running trades to gain improper profits. Binance launched a comprehensive internal investigation. The preliminary investigation has now concluded, and the person involved has been suspended and will face legal accountability.