Unprecedented statement from Binance: Employees accused of insider trading suspended immediately

Binance, the world's largest cryptocurrency exchange, released the results of an internal investigation into insider trading by an employee on the 25th. On March 23, 2025, the internal audit team announced that it had immediately launched an investigation after receiving allegations of fraudulent trading and immediately suspended the employees involved in the misconduct.

The investigation revealed that the employee had used his experience in business development at BNB Chain to misuse non-public information about the new project's token generation event (TGE). He used multiple wallet addresses to purchase large amounts of tokens before the official announcement. After that, some of them were purchased after the project was announced...