Binance Removes Employee for Abusing Insider Information

• Binance has documented a possible malpractice.
• An employee used insider information to publish in X.
• He was suspended and referred the case to law enforcement.
• Binance will pay $100,000 to whistleblowers who first reported the incident.

On December 7, 2025, Binance recorded a possible violation of internal policy — one of the company’s employees may have used confidential data for his own purposes.

As the investigation revealed, the employee was linked to a token that appeared on the network at 05:29 UTC. Less than a minute after the launch, he posted a tweet on behalf of Binance Futures, using text and images related to the asset.

The exchange’s management suspended the employee. The company also contacted the relevant authorities in the employee’s jurisdiction and promised to facilitate an investigation by the authorities.

In addition, the exchange will equally distribute $100,000 among those who first reported accurate information through the official channel. Separately, the company noted that posts on X (formerly Twitter) also helped in the investigation. At the same time, Binance noted that in order to receive the reward, the information must come exclusively through the official channel.

Recall, in October 2025, the analyst said that insiders in the White House could pass data to crypto traders.