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

1. Investigation Findings: The employee, who previously worked in business development at BNB Chain before joining the Binance Wallet team, used information obtained from their previous position 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 constitutes 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 as required by law.

3. Reporting Reward: Binance encourages community supervision and has awarded a total of $100,000 to four informants who provided valid 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.