Binance fires staff over insider information for 'personal gain'

Binance has laid off one of its employees after confirming they used insider information to promote a newly launched memecoin on the platform’s official X account. The exchange said its internal audit department launched an investigation on Dec. 7 after receiving a report that a Binance staff member had posted promotional material for an on-chain token through the @BinanceFutures account — just seconds after the token’s issuance at 05:29 am UTC. “These actions constitute abuse of their position for persona ...