Coinspeaker
Binance Suspends Staff for Insider Trading Offence
Binance, the world’s largest crypto exchange, has suspended an employee following a major misconduct. An internal investigation found that the staff member was involved in insider trading.
Per the update, the individual took advantage of privileged information from a previous role to purchase tokens before a public announcement, making an unfair profit.
Binance Confirmed Insider Trading
In a statement published on X by Binance Wallet, the exchange’s internal audit department was slammed with a complaint about suspicious trading activity connected to a recent token launch.
The exchange immediately launched a formal investigation, which confirmed that the employee had exploited non-public information for personal gain. As detailed by Binance, the unnamed individual previously worked in the Binance BNB Chain business development team. From here, the staffer was transferred to the Binance Wallet team in Februar
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