Wu said that Binance has announced that an employee had previously held a business development position at BNB Chain before joining the wallet team a month ago. The employee used the information obtained from their previous position and their familiarity with on chain projects to know that the project is planning a Token Generation Event (TGE), which is expected to generate great interest in the community; Prior to the public release of the token announcement for the project, the employee purchased a large amount of tokens for the project using multiple linked wallet addresses; After the announcement was made, the employee quickly sold some of the tokens they held and made a considerable profit, while retaining a considerable amount of unrealized gains from the remaining tokens; This behavior constitutes a preemptive transaction based on non-public information obtained from his previous position, which clearly violates company policy; Due to this behavior, the employee was immediately suspended and awaiting further disciplinary action; We will actively cooperate with relevant departments in the jurisdiction where the employee is located and take appropriate legal actions in accordance with applicable laws; The total reward of $100000 will be evenly distributed among the whistleblowers.