Binance has disclosed the interim results of an ongoing investigation following a report submitted on December 7, alleging that employees used insider information to publish content via the company’s official social media channels for personal gain.
The report, delivered to Binance’s internal audit department, led to the immediate launch of a comprehensive internal review. Preliminary findings indicate a connection between a token issuance posted on-chain at 13:29 (UTC+8) and a tweet published at 13:30 from the official @BinanceFutures account, with similarities in language and imagery.
Binance confirmed that the actions are suspected to involve employees leveraging their positions in violation of company policies and professional ethics.
Suspension and Legal Cooperation Underway
In response to the findings, Binance said it has suspended the employees believed to be involved while further internal procedures continue. The company also confirmed it has proactively contacted authorities in the relevant jurisdiction and will cooperate with legal processes to ensure accountability.
Binance stressed that it is committed to taking firm action against conduct that compromises user trust, platform integrity, or regulatory compliance.
Bounty Rewards Distributed to Verified Reporters
Binance stated that it has completed the verification and deduplication process for reports submitted through its official audit channel (audit@binance.com). In line with its bounty commitment, the company will evenly distribute a $100,000 reward among the earliest valid reporters identified by partially anonymized email addresses.
While acknowledging additional information posted publicly on the X platform, Binance clarified that bounty eligibility applies exclusively to reports sent through its designated official channel, in order to protect reporters and uphold procedural transparency.
Zero Tolerance, Strengthened Controls, and Community Oversight
Reaffirming its user-first approach and values of openness and fairness, Binance reiterated its zero-tolerance stance toward actions that undermine the platform or exploit authority for personal gain.
The company plans to strengthen internal systems, tighten management processes, and close potential gaps that could allow future misconduct.
Binance also encouraged ongoing community participation and oversight, inviting users to submit relevant leads through the official reporting channel to support the creation of a secure, transparent blockchain ecosystem and a trusted trading environment for all participants.
The statement concluded by thanking users for their continued support and reiterating the platform’s commitment to responsibility, accountability, and ongoing improvement as the investigation progresses.
The post Binance Confirms Employee Suspended Amid Ongoing Insider Information Investigation appeared first on Cryptonews.
