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Binance Suspends Employee for Insider Trading and Front-Running Allegations

  • Binance has suspended a staff member accused of using insider information from a previous role to front-run a token launch.
  • The employee used insights from his previous role and familiarity with on-chain projects to acquire tokens before a public launch announcement.
  • The staff member has been immediately suspended, and the company is working with authorities to pursue legal action.
  • Binance appreciates community reports, and a total of $100,000 will be distributed among individuals who used the official reporting channel.

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