- The former Binance member took advantage of the previous knowledge to buy pre -codes before TGE and sell them to profits.
- Binance hung the employee and follows legal procedures.
- Binance granted $ 100,000 to four individuals who have been wrong.
Binance, a leading global encryption currency exchange, has temporarily suspended the employee for alleged internal trading with non -public information. The case included the purchase and sale of the distinctive symbols for an individual project before the TGE generation event (TGE). Which sparked transparency issues and moral trading practices in the sector.
Prosecution and investigation
in Binance Advertisement In X, one of the employees of the Binance Wallet team took advantage of the interior information to deal with the symbols and reap enormous gains. The employee concerned has worked in the business development capacity within the BNB series before moving to the Binance Wallet team.
The Stock Exchange explained that the portfolio itself will not receive secret information about the symbolic launch operations, indicating that the person who has offended the treatment acquired in its previous role.
Binance began an internal investigation after receiving complaints submitted to the Internal Audit Department on March 23, 2025. Initial results indicate that the employee has bought a strategic volume of symbols before announcing the official TGE. After that, some holdings were sold for great profits.
Disciplinary measures
Based on these results, Binance took the following measures:
- Comment: The employee was immediately suspended, taking into account other disciplinary procedures.
- Legal procedure: Binance confirmed that it will help the relevant authorities in the relevant judicial jurisdiction and take appropriate legal measures in accordance with the laws in force.
- The disposal of any assets will be fully related to the laws.
Bonus of the violations
In her attempt to maintain transparency and integrity, Binance issued a $ 100,000 bonus of four informants who reported the case through the company’s official cost platform. The stock exchange explained that the online reports on the Internet will not qualify for the reward. Furrther stresses the need to benefit from official reports channels.
The amounts of violations who submitted legitimate reports to the official email address of Binance (Audit@binance.com) included:
- andQ@g.com
- PD@g..com
- 7A@g.com
- 49@F.com
Industry and society response
Although Binance did not go out to name the project concerned in the alleged state of trading from the inside, many users on X organized it as linked to the symbol of the Binance Smart Memeco UUU (U Dex Platform).
A famous encryption analyst on X, “Pychars”, has published a screenshot showing a Freddie NG wallet address. He is a member of Binance Wallet’s BD and Department, who sells more than six million UUUs before the market drop.
Thanks to the official account in the Chinese language in Binance “comment” Users pledged to conduct the results of the internal investigation publicly. The Stock Exchange reaffirmed its design on immunizing internal controls to maintain misconduct in the future.
This incident displays Binance on guaranteeing a fair and moral trading platform. The stock exchange confirmed to users “Forgiving zero” A policy against any kind of wrong practices and its rest. Its commitment to creating a transparent and reliable ecosystem. Binance also urged community members to report any suspicious behavior through its official channels.
The encryption news was highlighted today
PWC Italy and Skchain Advisors, partners for the Blockchain digital identity, for the European Union
