Binance takes action against employee corruption and recovers millions in illegal profits.
Yi He, the founder and customer service manager of Binance Exchange, revealed in a conversation on February 3 that the exchange has conducted over 120 internal investigations with the cooperation of two U.S. law enforcement coordinators in the past two years. He stated that these investigations led to the dismissal of over 60 violating employees and the recovery of over $30 million in illegal profits. He also disclosed that at least two legal cases are underway. These statements came after Binance announced last year that it would reward individuals who could prove employee corruption with rewards ranging from $10,000 to $5 million.
