Crypto Alternate Binance has recently suspended a member of the Binance Pockets Crew. This employee is accused of doing insider trading. The company started investigating the case on 23 March, when a whistleblower (informant) complained about suspicious transactions by an employee. The company said that in the initial investigation, it was found that last month, an employee associated with the Binance Pockets Crew used confidential information while working with BNB Chain in his old role.
Employee took advantage of confidential information
Binance Pockets reported that this employee had received a confidantial information about a token week match (TGE). The employee knew that the token of this project was going to be launched, which would give it a good attraction in the market. Subsequently, the employee bought the tokens of that project on a large scale using several wallet addresses and as soon as the token launch was announced, he earned good profits by selling his share quickly. Live BNB coin value Click on the link to know.
Binance action and plan to award whistleblower
Binance has immediately suspended the employee and said that he will cooperate with the authorities concerned to take legal action. Binance has not yet made the employee’s name public regarding the matter. In addition, the company has also announced that it will give a prize of $ 100,000 to Whistleblower, which will send its reports through Whistlebing E Mail.
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Conclusion
It is clear from this incident that Binance is serious about its security policy and will not tolerate any type of fraud and takes further action only after thorough investigation in such cases. The company immediately took action and suspended the employee and decided to take legal steps. In addition, Binance announced a prize to ink the whistleblowers, which promotes transparency and trust. This step is a strong message for the Crypto Exchange that he wants to keep his business practice clear.
