Binance has suspended an employee and plans to pursue legal action following allegations of insider trading. The incident came to light when a whistleblower identified a suspicious match between an on-chain token issuance and a Binance post made just one minute later. In response, Binance confirmed that it awarded a $100,000 bounty to five individuals who reported the incident. The company emphasized its zero-tolerance policy towards insider trading and reiterated its commitment to maintaining integrity within its operations.