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Binance has suspended a team member following allegations of insider trading involving front-running trades. The employee reportedly misused confidential information from a previous role, which allowed them to earn $113,000 through front-running trades using UUU tokens. Binance has confirmed that legal action is underway and has distributed $100,000 in whistleblower rewards. The internal audit team identified the misconduct, and the company is cooperating with authorities regarding the investigation.
Binance Wallet responds to insider trading allegations! An investigation revealed an employee from BNB Chain leveraged inside knowledge, earning $113,000 in front-running trades using UUU tokens. 💼💰 The employee has been suspended, and Binance is cooperating with authorities
Binance has suspended a staff member amid allegations of insider trading. The internal audit team identified the employee's misuse of confidential information for personal gain. Read the full article here: https://t.co/Hdr2TW91gG #Binance #InsiderTrading #CryptoNews #Web3
🚨 ALERT: Binance has confirmed staff misconduct involving front-running trades using insider information from a previous role. The employee has been suspended, legal action is underway, and $100K in whistleblower rewards has been distributed. https://t.co/v21QSsWwP1
