From Cointelegraph.

March 25, 2025 01:40 AM:

Crypto exchange Binance suspends a member of its Binance Wallet team for suspected insider trading. The staff member allegedly used non-public information from a previous role to profit from a token launch. Binance Wallet launches an investigation and plans to take legal action. The company did not name the staff member involved.

A wallet linked to a Binance staffer sold $31.5 million worth of a token shortly after its debut. The staffer allegedly used insider information to profit from the token launch. Binance Wallet is cooperating with authorities for further disciplinary action.

Binance Wallet appreciates public efforts to report wrongdoing and offers a reward for whistleblowers. The company plans to distribute $100,000 among four anonymous whistleblowers who submit reports to a designated email address. Binance did not immediately respond to requests for comment.

Read more at Cointelegraph: Binance suspends staffer after internal investigation into insider trading