BlockBeats News, December 9th, CZ responded to the “Binance Employee Accused of Insider Trading to Profit from Coin Listing” incident in a post on X platform, stating, “Although I no longer manage Binance, if users report employee misconduct through private messages or comments, I will handle it properly. I heard that the above case has been reported to the authorities. Binance maintains close cooperation with law enforcement agencies in various countries (mainly to assist them), and the individuals involved will have nowhere to hide.”
Earlier reports stated that Binance posted on social media that its investigation into the “suspected employee coin listing” incident revealed that the implicated employee issued a token on-chain at 13:29 on December 7th (UTC+8), which was consistent with some of the wording and images used in a tweet posted on the Binance Futures account at 13:30. Upon verification, it was confirmed that this behavior involved an employee abusing their position for personal gain, a serious violation of company policies and professional codes of conduct.
The implicated employee has been immediately suspended pending further disciplinary action. Binance has proactively contacted and will actively cooperate with relevant law enforcement agencies in the employee’s jurisdiction to take appropriate legal action in accordance with applicable laws. As promised, a total reward of $100,000 will be evenly distributed among the 5 earliest valid whistleblowers.
