Binance Suspends Employee Over Alleged Insider Trading

Binance, a prominent cryptocurrency exchange, has suspended an employee following accusations of profiting from non-public information. The employee allegedly engaged in front-running trades during a Token Generation Event (TGE) using confidential data from their previous role at BNB Chain, the blockchain ecosystem behind Binance’s native token, BNB. The allegations surfaced on March 23 when Binance’s Internal Audit team released a statement disclosing the incident.