Binance suspends employee over using inside information for personal gain

Binance suspended an employee and contacted authorities after an internal investigation confirmed the staffer allegedly abused access to insider information by posting from the official Binance Futures X account for personal benefit. The post was allegedly made less than a minute after a token was issued on-chain. Binance stressed its "zero tolerance" policy for employees using their positions for personal gain and pledged to improve internal controls. The exchange also highlighted its reliance on whistleblowers, confirming it would split a $100,000 reward among users who submitted valid early reports via its official channel. This incident follows a similar case in March where a Binance Wallet employee was suspended over allegations of front-running token listings.

(Source：Cointelegraph)