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Binance has suspended an employee accused of front-running token launches by leveraging insider information after receiving a number of whistleblower reports.
What’s the Scoop?
- Misconduct Evidence: A Binance Wallet team member allegedly used insider information from BNB Chain's development to front-run upcoming token launches.
- Immediate Action: Binance quickly suspended the employee pending a full internal investigation into the misconduct.
- Corporate Transparency: The exchange emphasized its 'zero-tolerance' policy for unethical trading behavior and is cooperating with regulators to bolster accountability.
Investigation Findings on Staff Misconduct in Trading
— Binance Wallet (@BinanceWallet) March 25, 2025
Dear Binance Users and Community Members,
On March 23, 2025, Binance’s Internal Audit team received a complaint alleging that one of our staff members engaged in front-running trades using insider information to gain… pic.twitter.com/SVVvu4rX1x
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