Binance News: Binance Wallet Suspends Staff Over Front-Running Allegations

Binance News: Binance Wallet Suspends Staff Over Front-Running Allegations

The Binance Wallet team said Tuesday in a post on X that it has suspended a staff member accused of using confidential information from their previous roles at BNB Chain to front-run a token launch. The employee allegedly purchased coins via multiple wallets ahead of a Token Generation Event (TGE), later selling part of the holdings for quick profits."This behavior constitutes front-running based on non-public information obtained from his previ…

A Binance employee was suspended and charged to the authorities for misuse of confidential information, with which he managed to earn more than $113,000. *** Binance suspends a Binance Walletm employee accused of using confidential information for personal gain. The person would have bought and sold the UUU token prior to its official launch. He managed to make profits of more than $113,000 with privileged information. The platform imposes new i…

Binance Wallet Suffers Insider Trading Allegations as Some Crypto Traders Move to Best Wallet

The crypto market was shaken today by allegations of insider trading within Binance Wallet – a division of the industry-leading exchange. These allegations have prompted concerns about market manipulation and the security of user funds. As a result, some traders are exploring alternative wallet solutions, with the fast-growing, multi-chain platform Best Wallet (BEST) becoming a popular option. Binance Employee Accused of Insider Trading in Front…

New scandal at Binance? An employee of Binance Wallet was suspended after using privileged information to make substantial profits on a token, before the public announcement of a project. The largest cryptocurrency exchange platform in the world promises a rigorous investigation and already cooperates with the competent authorities. The article Binance suspends an employee accused of initiated crime on the UUU token appeared first on Cryptoast.

Binance suspends worker over insider trading tied to token generation event – #CryptoUpdatesGNIT

Key Takeaways A Binance employee was caught in an insider trading scheme using confidential information. A $100,000 reward is being distributed among whistleblowers who reported the incident. Share this article Binance has suspended an employee after an internal investigation revealed the individual engaged in insider trading linked to a token generation event (TGE), according to a Monday announcement from Binance Wallet’s X account. Investiga…

An employee of Binance suspended for front-running, an internal investigation that shakes the ecosystem, and a cryptic community that plays the detectives on X... These are the ingredients of an explosive case. Between on-chain clues and growing suspicions, back on a fraudster hunt where the blockchain leaves no room for secrets. The article Crypto: A Binance employee accused of having manipulated the market appeared first on Cointribune.