Binance Suspends Employee Over Insider Trading Incident, Awards $100K to Whistleblowers
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Binance suspended an employee for posting insider information on a token seconds after its launch, violating company policy. The exchange awarded a $100,000 bounty to five whistleblowers who reported the misconduct, highlighting its commitment to security and regulatory compliance.
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- Binance suspends an employee for posting token information seconds after issuance.
- Exchange awards $100,000 bounty split equally among five verified whistleblowers.
- Former CEO CZ offers to forward misconduct reports through the appropriate channels.
Binance suspended an employee on December 7, 2025, following an internal investigation into insider trading allegations. The exchange’s audit department received a report claiming an employee used insider information to post on official social media for personal gain.
Binance verified that the employee in question possessed information about a token issued on-chain at 05:29 UTC on December 7. Less than one minute after the token launched, the employee posted text and images about the token through the Binance Futures account. The exchange stated these actions constitute abuse of position for personal gain and violate co…
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