Binance has suspended an employee for allegedly using insider information to benefit from a cryptocurrency project, the company announced on Mar. 25, 2025.

According to a statement shared on X, the employee, a member of Binance’s Wallet team, reportedly purchased a large amount of tokens from a project before its Token Generation Event. The employee then sold part of these tokens for profit.

Binance clarified that the information was acquired during the individual’s previous role in business development at BNB Chain, not through the Wallet team.

“This behavior constitutes front-running based on non-public information obtained from his previous role and is a clear breach of company policy,” Binance said. The employee is suspended pending further disciplinary measures.

Additionally, Binance announced it would reward four whistleblowers with US$100,000 for reporting the alleged misconduct through its official whistleblowing channel.

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