Binance He has suspended an employee after an internal investigation into accusations of privileged information.
- It was discovered that the staff member, previously part of the BNB chain business team and recently making the transition to the Binance wallet equipment, had used incorrect confidential information about an upcoming tokens generation event (TGE) to obtain personal financial gains.
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Research results
- The employee used multiple wallet addresses linked to buy a substantial amount of project tokens before the public announcement of the TGE.
- After the announcement, the individual sold a part of these holdings, ensuring significant profits while retaining the remaining tokens with notable profits not made.
Disciplinary actions
- The staff member has been suspended pending new disciplinary measures.
- Binance is collaborating with the relevant authorities to follow appropriate legal actions in accordance with applicable laws. Any associated asset will be administered in full compliance with legal and regulatory norms.
Denuncant reward
Binance has distributed a total of $ 100,000 equally among four complainants who reported miscarriage through the official channel ([email protected]). The recipients are:
- FO@g.com
- KidneyD@g.com
- 7A@g.com
- 49@q.com
Binance said that while there are public investigations published in X, he only rewarded those who were presented through his official channel.
“We sincerely appreciate these efforts. However, to protect the interests of the complainants, the reward is applied only to the valid reports sent through our official channel ([email protected]). We also encourage the community to present any potential client exclusively through this official channel.”
Binance through unknown
The company emphasizes its zero tolerance policy towards misconduct and encourages the community to inform any valid information through the official audit email.
Related reading:
- George Isaac Asibal and Steve “icesteam” Jiménez discuss the implications of privileged information in cryptography after memecoin controversy of $ Libra.
- Hayden Davis opens on internal manipulation, sniper bots and what went wrong with the launch of Token de Libra.
This Take Quick article is published in bitpins: Take Quick: Binance suspends employees in the midst of accusations of privileged information negotiation
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