Today I came across some explosive news—a top-tier exchange’s internal employee has been suspended and is under investigation for allegedly using their position for insider trading, and the platform immediately offered a $100,000 reward for "whistleblowers." This is definitely worth talking about.

The incident itself is actually pretty straightforward and blunt. At 1:29 PM on December 7, someone deployed a certain token contract on-chain. Just one minute later—pay attention, just one minute—the exchange’s official futures account tweeted, and some of the text and images in the tweet matched that on-chain token perfectly. The timing was so precise, they didn’t even bother to hide it.

After an internal investigation, the platform confirmed: the employee in question did indeed front-run the announcement, which is a clear case of misusing their position. Violating company policy? Absolutely. But even worse, it’s a blatant breach of professional ethics—a dealbreaker at any reputable institution.

The platform acted swiftly: the person involved was immediately suspended, the platform proactively contacted local law enforcement to file a report, and stated they would fully cooperate with the investigation. The more impressive move? The previously announced $100,000 reward was split equally among the first five users to submit effective reports—$20,000 each, already credited.

CZ himself also spoke out on social media. Although he’s no longer handling day-to-day operations, he couldn’t ignore the flood of private messages and comments from users reporting the incident. His stance was clear: investigate what needs to be investigated, handle what needs to be handled, and with strong ties to law enforcement, there’s no escape.

Honestly, this move is pretty tough. No cover-ups, no protecting insiders—report to the police when necessary, cooperate fully, and pay out rewards as promised. What the industry fears most is the “enemy within”—insider trading by internal staff is far more damaging than external attacks. The fact that they exposed their own scandal so decisively is actually a good thing for the industry’s compliance—at least it shows the market that not all platforms choose to sweep things under the rug.

But that said, why do these things still happen? Ultimately, it’s the lure of profit and gaps in regulatory mechanisms. Hopefully, all platforms can learn from this, and strengthen their internal risk controls. After all, user trust is hard to build and can collapse in an instant.