Binance—Binance fired investigator who uncovered internal fraud
Binance terminated an internal investigator who discovered evidence of $300 million in wash trades by Sigma Chain, a CZ-affiliated market maker, raising concerns about retaliation against whistleblowers.
Scoring Impact
| Topic | Direction | Relevance | Contribution |
|---|---|---|---|
| Corporate Governance | -against | primary | -1.00 |
| Worker Rights | -against | secondary | -0.50 |
| Overall incident score = | -0.643 | ||
Score = avg(topic contributions) × significance (high ×1.5) × confidence (0.57)
Evidence (1 signal)
Confirms Firing Sep 1, 2023 documented
WSJ reported Binance fired investigator who flagged Sigma Chain wash trades
The Wall Street Journal reported that Binance terminated an internal investigator who had uncovered evidence of wash trading by CZ-affiliated market maker Sigma Chain.