Binance has suspended an employee for alleged insider trading linked to a newly listed token called “year of the yellow fruit.” The exchange conducted an internal investigation that revealed the employee reportedly promoted this token on official Binance social media channels just seconds after it was issued onchain. This action, according to Binance, violates their policies and constitutes abuse of position for personal gain. They have reached out to authorities in the employee's jurisdiction and may pursue legal action. The connection to the “year of the yellow fruit” token stems from a previous Binance post quoting Raoul Pal during Binance Blockchain Week. The token gained attention in the crypto community, with claims that it was manipulated by insiders. Binance has responded by emphasizing its commitment to transparency and integrity, stating they have a zero-tolerance policy for misconduct. They are also offering a $100,000 reward split among five whistleblowers who reported the suspicious activity. The incident has led to a rise in the token's value, highlighting ongoing concerns about insider trading practices in the crypto space.