Binance Suspends Employees Amid Insider Information Investigation
On December 7, Binance revealed that its employees were suspected of using insider information to publish content on the firm's official social media channels for personal gain. Preliminary findings linked a token issuance on-chain at 13:29 (UTC+8) to a tweet from the official @BinanceFutures account at 13:30, with notable similarities in language and imagery.
Binance stated that the suspected actions involved employees leveraging their positions in violation of company policies and professional ethics. As a result, the company has suspended the employees believed to be involved and will continue to cooperate with ongoing internal procedures and external authorities. Binance has proactively contacted authorities in the relevant jurisdiction and pledged cooperation with legal processes.
The company completed verification and deduplication for reports submitted through its official audit channel, announcing it will evenly distribute a $100,000 bounty among the earliest valid reporters identified by partially anonymized emails; this bounty is limited to the designated reporting channel.
Binance emphasized its zero tolerance toward misconduct and announced plans to strengthen internal systems, tighten management processes, and close gaps to prevent future incidents. It also invited community oversight and leadership through the official reporting channel. The statement reaffirmed Binance's commitment to responsibility, accountability, and ongoing improvement as the investigation progresses.
