Binance Futures has announced the discovery of an employee incident, pointing to the alleged use of insider information for trading purposes. The employees reportedly used insider information to post on social media for potential gains.
Binance suspended a group of employees following an internal audit. The group of employees of Binance Futures reportedly used their access to insider information for potential personal gains.
"On December 7, 2025, Binance’s internal audit department received a relevant report alleging that Binance employees were suspected of using insider information to post on official social media accounts for improper gains. In response, the platform immediately initiated a comprehensive investigation," announced the exchange team.
This marks the second employee incident since March 2025, when Binance discovered an incident involving insider trading, as previously reported. In this latest case, another whistleblower noticed the short time between the on-chain launch of a new token and the social media posting by the Binance Futures X handle.
The recent incident was also linked to community reports. Binance Futures relies on its official whistleblower platform, calling for community support to discover discrepancies and potential insider trading. Binance Futures paid a previously agreed $100K whistleblower fee.
Binance Insider Used Early Information on Token Launch
The Binance Futures insider incident was related to a token that was just launched at 05:29 UTC on December 7. Less than a minute later, a Binance employee allegedly used text and images related to the token to post through the Binance Futures account.
Any mention from Binance’s official handles has the potential to cause a token rally, even for brand-new assets. These actions were therefore seen as an abuse of the employee’s position for personal gain.
At this point, Binance has not confirmed that the token was launched by the employee. The social media posting had no connections to previous Binance Futures plans of creating or listing a token.
Insider May Have Launched New Token Deliberately
Despite the suspension, Binance has limited options to affect the launched crypto asset. The token, Year of Yellow Fruit, continued to trade and gained decentralized liquidity, reaching a $5M market capitalization.
The leading whale extracted $55.6K from the market after the token pumped twice. The newly launched asset experienced an even larger pump after being connected to a Binance insider.
The token currently has $278K in liquidity, while rallying from $0.000023 to $0.0006. The token was bought by around 2,300 holders. There are currently few signs of insider sniping or connected wallets.
As with other early-stage meme coins, Year of Yellow Fruit may trade as an extremely volatile asset. The token’s launch may still gain enough meme potential to support volumes and liquidity for a while.
The token was also immediately intercepted by AI-powered launch bots, bringing more liquidity even without the social media posting. The token was intercepted as early as December 7 and was hyped up precisely because of the insider trading incident.