Risk Warning: Beware of illegal fundraising in the name of 'virtual currency' and 'blockchain'. — Five departments including the Banking and Insurance Regulatory Commission
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Binance reported that an employee used his old position to make insider trading profits. The person involved has been suspended and will face legal prosecution
2025-03-25 02:08

Odaily News According to the official announcement, an employee was found to have used the non-public information obtained from his previous business development position in BNB Chain to buy tokens in advance through an associated wallet before the project's public offering and partially cashed out for profit after the announcement, constituting a typical "front-running transaction". The employee has now been suspended, and Binance will cooperate with judicial authorities to pursue legal responsibility. The platform also issued a $100,000 reward to four users who reported through official channels.