A whistleblower at Binance has revealed details of insider trading and front-running by an internal team member. We look at how the news could impact presales like the Best Wallet Token.
Action Taken Against the Employee
On further investigation by the Binance internal audit team, it was revealed the employee used information from his previous role at BNB Chain to benefit from a token generation event.
Although the employee was working with the Binance wallet team, he had information about on-chain projects and the upcoming TGE event.
Before the official token launch, the employee purchased many tokens through multiple wallets.
After the announcement was made, he sold a part of the token to realize huge gains.
It’s worth noting that a significant part of the tokens (with huge unrealized gains) are still held by the employee.
Investigations found this to be a breach of company policy, as the employee used non-public information for…
