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Binance reported that an employee profited from insider trading using information from their former position. The involved party has been suspended and will face legal accountability

ChainCatcher news, according to official sources, Binance Wallet stated that on March 23, 2025, the Binance internal audit team received a complaint alleging that an employee used insider information for front-running trades. The preliminary investigation results are as follows:Investigation Results: The employee had previously held a business development position at BNB Chain before joining the Binance Wallet team. They used information obtained from their previous position to purchase tokens of a certain project in advance, and then quickly sold them after the project announcement was made, making substantial profits. This behavior violated company policy and constituted front-running based on non-public information.Disciplinary Action: The employee has been suspended pending further disciplinary action. Binance will actively cooperate with relevant authorities and take appropriate legal action in accordance with the law.Whistleblower Rewards: Binance encourages community oversight and rewards effective information reported through official channels. A total of $100,000 in rewards has been allocated to four whistleblowers. For future leads, the community can continue to submit through official channels.Binance is committed to strengthening internal controls to ensure transparency, fairness, and integrity, and to maintain a secure trading environment.

The Dogecoin Foundation's new business department launches DOGE reserves, purchasing 10 million coins in the first batch

ChainCatcher news, according to The Block, the Dogecoin Foundation has established an "official Dogecoin reserve" through its newly formed commercial department and has purchased the first batch of 10 million DOGE (approximately $1.8 million) at current market prices. The price of DOGE rose by 6% after the announcement.This initiative is part of the foundation's collaboration with House of Doge. House of Doge became the foundation's official commercialization partner after signing a five-year cooperation agreement in February this year. According to the announcement, the DOGE reserve aims to serve as a proof of concept to demonstrate the feasibility of Dogecoin in efficient, seamless transactions."The launch of the Dogecoin reserve is an important step for House of Doge in realizing its vision of making Dogecoin a fast and reliable payment option for businesses and consumers," the announcement stated. "Through innovative technology, merchants will be able to accept Dogecoin payments instantly at checkout, avoiding the typical wait times associated with blockchain transactions while providing the same level of trust as traditional payment methods."According to the announcement, House of Doge will unveil its first strategic partners in the coming months to showcase the practical applications of Dogecoin as a global payment solution. Additionally, the Dogecoin Foundation plans to collaborate with "major sporting events" to promote the use of Dogecoin and focus on educating users on how to use self-custody Dogecoin wallets.
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