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Binance Suspends Employee for Front-Running Token Launches

The exchange also doled out a $100K reward to whistleblowers who had submitted reports about the incident.

Mar 25, 2025 • 1 min read

Binance has suspended an employee accused of front-running token launches by leveraging insider information after receiving a number of whistleblower reports.

What’s the Scoop?

Misconduct Evidence: A Binance Wallet team member allegedly used insider information from BNB Chain's development to front-run upcoming token launches.
Immediate Action: Binance quickly suspended the employee pending a full internal investigation into the misconduct.
Corporate Transparency: The exchange emphasized its 'zero-tolerance' policy for unethical trading behavior and is cooperating with regulators to bolster accountability.

Investigation Findings on Staff Misconduct in Trading

Dear Binance Users and Community Members,

On March 23, 2025, Binance’s Internal Audit team received a complaint alleging that one of our staff members engaged in front-running trades using insider information to gain… pic.twitter.com/SVVvu4rX1x
— Binance Wallet (@BinanceWallet) March 25, 2025

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