Binance suspended an employee after suspicions of insider trading.
Date: 2025-12-09 Author: Oliver Abernathy Categories: BUSINESS
Binance announced the discovery of a possible abuse of power by one of its employees. The incident occurred on December 7, 2025, and prompted an internal investigation. Following the investigation, management concluded that the employee may have accessed confidential information before it became public and used it for personal gain.
The investigation established that the employee was involved with a new token that appeared online early that morning, at 05:29 UTC. Almost immediately after its launch, less than a minute later, a post appeared on the official Binance Futures X page with images and text related to the asset. It was later revealed that the post was made by the person believed to have access to confidential data regarding the token launch.
Upon learning of the situation, Binance management immediately suspended the employee. Furthermore, the company contacted law enforcement agencies in the employee's jurisdiction, pledging its full cooperation in the investigation. Binance emphasized that it considers such violations a serious threat to user trust and strives to ensure maximum transparency.
To encourage the provision of reliable information about such incidents, the exchange announced a $100,000 reward for the first person to report verified information through Binance's official channel. The company specifically noted that publications in X also contributed to the investigation, but the reward is only available if the information is submitted through an approved internal mechanism.
This incident is yet another reminder of the importance of strictly adhering to corporate privacy policies. Previously, in October 2025, another high-profile story was discussed, in which an analyst suggested that White House insiders may have leaked information to crypto traders. This information sparked a widespread debate about regulating access to sensitive data and the responsibilities of those with direct access.
Binance assured its users that it is taking all necessary measures to prevent similar breaches and will continue to improve its internal control mechanisms. The incident underscored the importance of how quickly the company responds to suspicious activity and how seriously it takes protecting data that impacts the market and the exchange's reputation.
