Binance reported that the official investigation began on March 23, after the complaint received in the internal audit department. An employee who recently transferred to the Wallet team from the BNB Chain business development division could use the previously received confidential information about the upcoming launch of token.
The suspect knew about the planned event and in advance acquired a significant amount of the asset through several related cryptocurns. After public listing, some of the tokens were sold, which brought the suspect a significant profit.
The name of the employee and the name of the token in the statement of Binance are not named, but users X Bind UUU incident UUU UDX platform, Indicating on suspicious transactions that coincided in time with a price of price on March 23.
Earlier, Binance made changes to its corporate policy, weakening restrictions on investment in digital assets for employees. Binance workers, with the exception of the personnel included in the listing teams, will be allowed annually to invest up to $ 5,000 in cryptocurrencies, including operations on the company’s platform.
Source: Bits
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