On March 25th, COINOTAG News reported that Binance Wallet received a complaint on March 23, 2025, regarding an employee suspected of insider trading. The company’s internal audit team conducted a preliminary investigation revealing that the accused had previously worked in a business development role at BNB Chain. Utilizing *privileged information*, the employee engaged in preemptive purchases of a project’s token, only to sell swiftly following the public announcement, thus reaping significant profits. This action not only breached company policy but also constituted insider trading based on undisclosed information.
In response, Binance has suspended the employee while further disciplinary measures are evaluated. The exchange is committed to cooperating fully with regulatory agencies and will undertake any necessary legal actions. Additionally, Binance is fostering a culture of accountability by rewarding whistleblowers; $100,000 has already been distributed among four individuals providing legitimate tips. The company emphasizes the importance of community vigilance and underscores its dedication to robust internal controls to uphold transparency, integrity, and a secure trading atmosphere.