Binance Insider Trading Case: Employee Suspended for Profit from Coin Listing as CZ Promises $100,000 Whistleblower Reward

COINOTAG News reports Binance insider trading concerns in a post on X, where the firm noted that, although it no longer oversees Binance, user reports of misconduct will be properly handled and escalated to authorities when warranted.

Binance’s disclosure indicates a token was issued on-chain at 13:29 UTC+8 on December 7, with timing aligned to a Binance Futures tweet at 13:30, signaling potential abuse of position for personal gain. The implicated employee has been suspended pending further disciplinary action.

The company also emphasized cooperation with law enforcement across jurisdictions to pursue appropriate action, and, as promised, a $100,000 reward will be evenly distributed among the five earliest valid whistleblowers.