ID

Binance reported that an employee profited from insider trading using 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, reaping significant 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 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, maintaining a secure trading environment.

BNB Chain has launched a permanent liquidity support program with a total of 100 million USD, rewarding the native tokens of the top ten exchanges in the ecosystem

ChainCatcher message, after the previous two phases of $4.4 million liquidity activities, BNB Chain announced today the launch of a new $100 million permanent liquidity support program. This initiative aims to enhance on-chain liquidity by incentivizing the native project tokens of BNB Chain and collaboratively building long-term value for the industry.The activity starts today and will run for a trial period of 3 months, with adjustments made based on community feedback. BNB Chain native tokens listed on the following three categories of centralized exchanges will be eligible for corresponding rewards, with exchange rankings based on CMC spot rankings and standards:Category 1: Binance, Coinbase, Upbit - listing on any one of these can earn a maximum reward of $500,000.Category 2: Kraken, Bybit, and OKX - listing on any one of these can earn a maximum reward of $250,000.Category 3: Bitget, Mexc, Gate.io, Kucoin, Crypto.com - each listing can earn a reward of $10,000, with a maximum of $50,000.Each project can repeatedly earn rewards, with a single project eligible for a maximum of $800,000 in liquidity rewards across the three categories.Award requirements: The token must be a new token issued after the start of the activity and must be 100% a native token of BNB Chain. The token issuance time must exceed 48 hours to be eligible for rewards.On-chain basic requirements: Market capitalization of no less than $5 million, at least 10,000 unique wallet addresses, daily average on-chain trading volume of no less than $1 million, and distribution of tokens, etc.Final rewards will be distributed in the form of permanent liquidity. Before the rewards are distributed, BNB Chain will announce the reward list on its official Twitter for community review. Any cheating behavior will result in disqualification, and the first user to provide evidence of cheating will receive a $10,000 BNB Chain reward.
ChainCatcher Building the Web3 world with innovators