The well-known cryptocurrency exchange Binance suspended an employee after an internal investigation revealed the use of insider information for personal gain. On December 7, 2025, the internal audit received an anonymous complaint: the employee allegedly posted on the official account @BinanceFutures on X (Twitter) less than a minute after the launch of the meme coin "Year of Yellow Fruit" on the blockchain. The token, inspired by Binance's post from December 4 about "planting wisely and harvesting abundantly," immediately soared: the price reached $0.0061, the trading volume was $13 million, and the number of holders was 3658.
This is already the second similar incident in 2025. In March, Binance suspended a wallet team member for front-running tokens before listing, where they earned $113,000. "Such actions are an abuse of position and a violation of policy," Binance stated. The employee was immediately suspended, and the exchange referred the matter to law enforcement authorities and paid $100,000 in rewards to five whistleblowers who uncovered the fraud within 60 seconds thanks to on-chain transparency.
The incident underscores the vulnerability of centralized platforms: even a short post on the official channel can manipulate the market. Binance promises to strengthen oversight of accounts and access to information to rebuild trust. In a world where the exchange processes 55% of global spot volume, such scandals threaten its reputation. Will "zero tolerance" be enough to prevent recidivism?
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