$BNB Binance Wallet fired an employee for insider trading

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On March 25, 2025, Binance Wallet announced the dismissal of an employee caught in insider trading. According to an internal investigation that began on March 23 after a complaint, the employee, who previously held a position on the BNB Chain business development team, used confidential information to make a profit. He purchased a large number of project tokens before the public announcement of the Token Generation Event (TGE), using several related wallets, and after the launch, sold part of the assets, realizing significant income.

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Binance emphasized that the Wallet division did not have access to project data, and the information was obtained from a former employee's previous position. His actions were qualified as front-running — illegal trading based on non-public information, which violates company policy. The employee was immediately suspended, and Binance announced cooperation with law enforcement for further investigation and legal action.

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The company also noted the transparency of the process, rewarding four anonymous whistleblowers with $100,000 for information provided through official channels. This case highlights the issue of insider trading in the crypto industry and Binance's determination to combat violations.

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#Binance #Crypto #InsiderTrading #Blockchain #MarketIntegrity #BTC

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