Binance: The employee who illegally profited using a Binance account has been suspended, and we will cooperate with law enforcement agencies in taking...
TL;DR
Binance suspended an employee for illegally profiting by using their account to promote a token they were involved in issuing, violating company policies. The exchange is cooperating with law enforcement for legal action.
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On December 8th, Binance posted on social media that its investigation into the "suspected employee token issuance" revealed that the employee in question was associated with a token issued on-chain at 05:29 (UTC time) on December 7th. Less than a minute after the token's issuance, the employee used their Binance Futures account to post a tweet containing images and text related to the token. This behavior constitutes abuse of power for personal gain and is a serious violation of Binance's policies and professional ethics.
The employee involved has been immediately suspended pending further disciplinary action. Binance has proactively contacted and will actively cooperate with the relevant law enforcement agencies in the employee's location to take appropriate legal action in accordance with applicable laws.