Binance has suspended a staff member for allegedly using confidential information from their previous role at BNB Chain to engage in front-running related to a token launch. The employee's misconduct involved trading on insider information to gain improper profits. Evidence revealed they purchased tokens through multiple wallets before any public announcement regarding a Token Generation Event. Complaints regarding this behavior were received on March 23. Binance did not disclose the employee's identity but emphasized that the investigation found no evidence of insider trading within the team. The employee had only joined the Wallet team a month prior and was previously part of business development at BNB Chain. Binance stated it has a zero-tolerance policy toward such misconduct and pledged to cooperate with relevant authorities while offering rewards for whistleblowers who report insider trading.

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