Binance has suspended and terminated an employee after discovering they used confidential information to promote a newly issued memecoin on an official Binance Futures X account. The misconduct was revealed after the exchange received a tip on December 7, 2025, with the token issued on-chain at 05:29 UTC and a promotional post appearing less than a minute later, and Binance rewarded whistleblowers with a $100,000 pool split among five valid reports.
Disciplinary actions and tightened internal controls
Following the discovery, Binance took immediate action by suspending and subsequently firing the employee, while also initiating legal proceedings in the individual’s jurisdiction. The exchange has implemented tighter internal controls, including a formal ban on employees’ involvement in creating or promoting token projects, a policy advanced by Co-CEO He Yi to eliminate conflicts of interest between staff activities and platform operations.
关于员工涉嫌违规事件的调查结果公告
亲爱的币安用户及社区成员：…
— Binance Futures (@BinanceFutures) December 8, 2025
The incident had a notable impact on Binance Coin (BNB), which experienced an approximate 6.03% decline within 24 hours of the December 7 announcement. Market reports described dips below $620 and stabilization below $900 in some snapshots, illustrating how governance and integrity events can quickly affect token valuation even when the platform responds promptly.
This case follows previous reports of alleged employee misconduct in the sector, including an internal Binance Wallet case in March 2025 and a 2022 incident at another major exchange. These events highlight a recurring operational risk: privileged internal access enabling market abuse, and they underscore for institutional counterparties and treasury managers the need to assess counterparty controls and incident response protocols when allocating exposure to exchange-native tokens.
Binance’s disciplinary measures—including dismissal, legal action, stricter employee activity policies and whistleblower rewards—aim to recalibrate incentives within the firm and reduce concentration risk created by staff with privileged access to listing and promotional channels. The exchange’s approach to handling this situation demonstrates its stated commitment to addressing information asymmetry issues that can affect market integrity, with the immediate success of these measures to be judged by the progress of legal proceedings and the formal review of employee token-activity policies.
