Binance suspends staffer after internal investigation into insider trading
Binance said it launched an internal investigation after whistleblowers pointed to suspicious transactions from a Binance Wallet staff member.
Crypto exchange Binance has suspended a member of its Binance Wallet team, adding it could take further legal action after launching an internal investigation over allegations of insider trading.
The exchanges crypto wallet business, Binance Wallet, launched an investigation on March 23 after it received a complaint alleging that one of our staff members engaged in front-running trades using insider information to gain improper profits, it said in a March 25 X post.
It claimed a preliminary investigation found a Binance Wallet staffer who joined the team last month was suspected of using information from a former position in a business development role at BNB Chain to front-run trades of a project token.
The post Binance suspends staffer after internal investigation into insider trading first appeared on CurrencyCrypt.
Text source: CurrencyCrypt
