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Binance News: Binance Wallet Suspends Staff Over Front-Running Allegations

Summary by Coin Desk

The Binance Wallet team said Tuesday in a post on X that it has suspended a staff member accused of using confidential information from their previous roles at BNB Chain to front-run a token launch. The employee allegedly purchased coins via multiple wallets ahead of a Token Generation Event (TGE), later selling part of the holdings for quick profits."This behavior constitutes front-running based on non-public information obtained from his previ…

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Binance News: Binance Wallet Suspends Staff Over Front-Running Allegations

12 days ago·Manila, Philippines

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Coingape

Why is Binance Coin (BNB) Price Falling Suddenly?

Binance Coin (BNB) price has been experiencing a notable decline recently, and market participants are left wondering about the reasons behind this sudden drop. With the market seeing some downward pressure, BNB’s price has been fluctuating within a tight range, creating uncertainty among holders. Moreover, accusations of market manipulation involving Binance have further complicated the situation, leading to increased concerns among investors. …

10 days ago

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Coin Edition

Binance Cuts GALA and PERP Pairs: Low Trading Activity Cited

Binance announced it will delist GALA/BNB and PERP/BTC trading pairs. The delisting is part of Binance’s periodic review and adjustments. GALA and PERP prices remain adamant after the delisting announcement. Binance has announced its decision to delist the GALA/BNB and PERP/BTC trading pairs from its spot trading platform. In their blog post, the exchange clarified that the removal of these specific spot trading pairs will not impact the overall…

11 days ago

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NewsBTC

Binance Wallet Scandal – Employee Caught Insider Trading. Here’s Why Investors Are Backing Best Wallet Token

A whistleblower at Binance has revealed details of insider trading and front-running by an internal team member. We look at how the news could impact presales like the Best Wallet Token. Action Taken Against the Employee On further investigation by the Binance internal audit team, it was revealed th...

11 days ago

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Bitcoin.com

Binance Wallet: Suspended Employee Profited From Privileged Information – Exchanges Bitcoin News

Binance Wallet said an investigation found a former employee leveraged information from their previous role at BNB Chain for front-running trades. Employee Profits Using Non-Public Information Binance Wallet has stated that none of its current team members were involved in insider trading, as alleged in a complaint filed with Binance’s internal audit team. However, an […]

11 days ago

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The Defiant

Binance Suspends Wallet Team Member Over Alleged Insider Trading

Binance, the largest centralized exchange (CEX) in the world, has suspended a Binance Wallet staff member following insider trading allegations, stating that the person in question used confidential information to gain unfair profits.Binance has immediately suspended the staff member, “pending further disciplinary action,” and may also take legal action. Binance says it will proactively cooperate with authorities in the employee's jurisdiction.T…

11 days ago

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