On March 25, according to official sources, Binance Wallet stated that on March 23, 2025, the internal audit team received a complaint alleging that an employee engaged in front-running using insider information. After a preliminary investigation, the results are as follows:

1. Investigation Findings: The employee, who previously held a business development position at BNB Chain before joining the Binance Wallet team, used information obtained from their previous role to purchase tokens of a certain project in advance and quickly sold them after the project announcement, making significant profits. This behavior violated company policy and constituted front-running based on non-public information.

2. Disciplinary Action: The employee has been suspended and is awaiting further disciplinary measures. Binance will actively cooperate with relevant departments and take appropriate legal actions in accordance with the law.

3. Reporting Reward: Binance encourages community supervision and has awarded a total of $100,000 to four informants who provided effective information through official channels. The community can continue to submit tips through official channels in the future.

Binance commits to strengthening internal controls to ensure transparency, fairness, integrity, and maintain a secure trading environment.