[Binance Conducts Monthly Phishing Simulations for Employees, Repeated Failures May Lead to Termination] According to a report by Cointelegraph, Binance Chief Security Officer Jimmy Su revealed that Binance conducts simulated phishing attacks on its internal employees every month and will terminate employees who repeatedly fail the tests. These simulated attacks are carried out by Binance's 'Red Team,' an internal ethical hacking team responsible for infiltrating systems to identify vulnerabilities. Binance has been implementing this program for approximately three to four years.