Binance: We have suspended employees involved in using Binance accounts for illicit gains and will cooperate with law enforcement for further legal actions.

BlockBeats News, December 8th

Binance announced on social media that its investigation into the "suspected employee token issuance" incident revealed that the involved employee was associated with a token that was minted on-chain at 05:29 on December 7th (UTC time). In less than a minute after the token was issued, the employee used a Binance Futures account to post a tweet containing images and text related to the token. Such conduct constitutes an abuse of power for personal gain, which seriously violates Binance's policies and code of ethics.

The employee in question has been immediately suspended pending further disciplinary action. Binance has proactively reached out and will fully cooperate with the relevant law enforcement agencies in the employee's jurisdiction to take appropriate legal measures in accordance with the applicable laws. As part of the commitment, a total reward of $100,000 will be evenly distributed among the 5 earliest valid whistleblowers.