Binance Suspends Employee Over Insider Trading Allegations

Cryptocurrency exchange Binance has suspended an employee after allegations of insider trading emerged. The individual is accused of profiting from confidential information regarding a token generation event (TGE) before it was publicly announced. The alleged front-running activity involved purchasing UUU tokens, linked to the U DEX Platform, prior to public disclosure by using non-public data obtained during their previous tenure at BNB Chain.