Il y a 2 h
Binance suspends employee after brand account promotion sends personal token up 4,600%
On Dec. 7 at 05:29 UTC, a token named "year of yellow fruit" was deployed on-chain, and less than a minute later the official Binance Futures social media account promoted it, driving a 4,600% price surge and pushing its market capitalization to nearly $4 million within two hours, according to Binance. An internal audit later found that a Binance employee had used the corporate brand account for personal promotion, leading to the staffer’s suspension, a referral to legal authorities, and a $100,000 whistleblower bounty split among five reporters, while the token gained another 782% in one hour after a public announcement on Dec. 8. The incident is being discussed alongside suspicious TNSR price action around Coinbase’s Nov. 21 Vector acquisition news, underscoring wider concerns over information leakage and the abuse of exchange infrastructure.
