According to an official announcement from Binance, as reported by Foresight News, the company's internal audit team received a report on March 23, 2025, alleging that an employee engaged in front-running using insider information to obtain improper gains. Binance has launched a comprehensive internal investigation. The preliminary investigation has been completed, and the individuals involved have been suspended and will face legal consequences. Additionally, Binance has completed the verification and deduplication of the report and will distribute the $100,000 reward equally among the whistleblowers.
Binance reported that an employee was suspected of using the information of his previous position for profit. The person involved has been suspended and will face legal prosecution
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