Binance suspends worker over insider trading tied to token generation event

From cryptobriefing.com

Binance has suspended an employee after an internal investigation revealed the individual engaged in insider trading linked to a token generation event (TGE), according to a Monday announcement from Binance Wallet’s X account. tweet According to Binance, the employee, who recently transferred to Binance’s Wallet team from a business development role at BNB Chain, allegedly used multiple wallet addresses to purchase tokens before their public launch announcement. After the project publicly disclosed the TGE, the employee sold part of their holdings, securing substantial profits while retaining additional tokens ... (full story)