Post
Van社长
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I just saw the latest announcement from Binance regarding the situation where the on-chain tokens were released before the official Twitter post yesterday. The investigation results are out.
Let's highlight the key points:
1. Insider confirmed: It was indeed an internal employee who did this. Taking advantage of their position, they released the tokens early and then used Binance's official account to pump the price.
2. Handling result: The person has been suspended, and this time it’s not just a simple dismissal. Binance clearly stated that they will hand over the case to judicial authorities to pursue legal responsibility.
3. Whistleblower bonus: A reward of $100,000 has been offered, to be evenly distributed among the five people who reported it the earliest via email.
I have to say, I’m impressed by Binance's response speed. The incident happened yesterday afternoon, and they clarified the facts and issued an announcement in less than a day. They probably handled it overnight yesterday.
One of the most serious points in this announcement is the mention of “cooperating with relevant departments to pursue legal responsibility.” For a large exchange like Binance, if an employee wants to exploit their position for profit, they can usually find a way, but this time pursuing legal responsibility should greatly help avoid similar incidents in the future.
Finally, I remind everyone that when encountering such matters in the future, don’t just enjoy the gossip; the proper thing is to write an email to report it as soon as possible. Those five guys each got $20,000, which is the true “on-chain scientist”! 😭
Let's highlight the key points:
1. Insider confirmed: It was indeed an internal employee who did this. Taking advantage of their position, they released the tokens early and then used Binance's official account to pump the price.
2. Handling result: The person has been suspended, and this time it’s not just a simple dismissal. Binance clearly stated that they will hand over the case to judicial authorities to pursue legal responsibility.
3. Whistleblower bonus: A reward of $100,000 has been offered, to be evenly distributed among the five people who reported it the earliest via email.
I have to say, I’m impressed by Binance's response speed. The incident happened yesterday afternoon, and they clarified the facts and issued an announcement in less than a day. They probably handled it overnight yesterday.
One of the most serious points in this announcement is the mention of “cooperating with relevant departments to pursue legal responsibility.” For a large exchange like Binance, if an employee wants to exploit their position for profit, they can usually find a way, but this time pursuing legal responsibility should greatly help avoid similar incidents in the future.
Finally, I remind everyone that when encountering such matters in the future, don’t just enjoy the gossip; the proper thing is to write an email to report it as soon as possible. Those five guys each got $20,000, which is the true “on-chain scientist”! 😭
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