Binance reports employee 'rat den' complaint: suspended and will pursue legal responsibility, issuing $100000 reward to four whistleblowers

On March 25th, according to official sources, Binance Wallet announced that on March 23rd, 2025, Binance's internal audit team received a complaint accusing an employee of using insider information for preemptive trading. After preliminary investigation, the results are as follows: 1. Survey results: Prior to joining the Binance Wallet team, the employee held a business development position at BNB Chain. Using the information obtained from their previous position, they purchased tokens for a certain project in advance and quickly sold them after the project announcement was released, making a substantial profit. This behavior violates company policy and constitutes preemptive trading based on non-public information. 2. Disciplinary action: The employee has been suspended and is awaiting further disciplinary action. Binance will actively cooperate with relevant departments and take appropriate legal actions in accordance with the law. 3. Reporting rewards: Binance encourages community supervision and rewards effective information reported through official channels. A total reward of $100000 has been allocated to four whistleblowers. For future clues, the community can continue to submit them through official channels. Binance promises to strengthen internal controls, ensure transparency, fairness, integrity, and maintain a secure trading environment.