According to Binance's official announcement, an employee was found to have used the non-public information obtained from his former business development position in BNB Chain to buy tokens in advance through the associated wallet before the public offering of the project and partially cash out after the announcement, forming a typical "rush transaction". The employee has now been suspended, and Binance will cooperate with the judicial authorities to be held accountable according to law. The platform also issued a $100,000 reward to 4 users who reported through official channels.