Binance reports that employees have engaged in insider trading to profit from their old positions, and those involved have been suspended and will face legal accountability

According to Binance's official announcement, an employee was found to have used non-public information obtained from their previous business development position on BNB Chain to purchase tokens in advance through an associated wallet before the project's public offering and partially cashed out profits after the announcement, constituting a typical "flash sale transaction". The employee has been suspended and Binance will cooperate with the judicial authorities to hold them accountable in accordance with the law. The platform will distribute a reward of $100000 to four users who reported through official channels.