Cryptocurrency influencers and community members initially raised concerns regarding potential insider trading on Binance, citing suspicious discrepancies between the timing of official Binance Futures tweets and on-chain token issuance events. The community noted that token issuance often preceded official announcements. In response, Binance sanctioned an employee for using the official X account to promote a personal meme coin they helped create, reinforcing internal conflict policies. The exchange previously confirmed it would take legal action against staff found to be front-running listings and offered a $100,000 bounty for whistleblowers while auditing internal controls. [Update] Changpeng Zhao (CZ) has now publicly addressed the specific allegations regarding an employee using insider information to profit from token listings. CZ confirmed that a police report has been filed against the individual, who has since been suspended. Emphasizing the exchange's cooperation with law enforcement, CZ warned that there are "not a lot of places to run" for bad actors. An internal investigation remains ongoing alongside the criminal report.