Update: Insurance Fund depositors will be able to withdraw their Insurance Fund stake when the protocol goes live.
Drift’s documentation and code demonstrates that the Insurance Fund exists to maintain protocol solvency in the event of bankruptcies.
Given that the protocol was paused before losses resolved through the ordinary liquidation or bankruptcy paths, the Insurance Fund was and remains unaffected by the exploit. Users will be able to withdraw their Insurance Fund stake when the protocol goes live.
Any protocol-owned Insurance Fund assets will be allocated to support a healthy relaunch for all users. Relevant program addresses will be publicly disclosed so the community can track how protocol-owned capital is deployed.
⚔️ Human VS AI: Season 2
The experiment moves to new ground.
Season 1 asked a question.
🧠 Humans dominated leaderboards.
🤖 AI achieved perfect survival and won on ROI.
Season 2 demands an answer—and redemption.
On a battlefield neither side has seen before.
🔹 New arena: Aster Chain Testnet
🔹 New AI: Sophisticated agents from leading labs (no more simple models)
🔹 New traders: 100 spots, $10K each, zero downside
$150,000 prize pool. Team Human's share doubles to $100K if we win.
📌 Apply by Jan 18: https://t.co/F9MMumsdbB
📮 Selections announced: Jan 20
🏁 Competition: Jan 22-29
🔗 Details: https://t.co/yFLVvMY5sM
Time to even the score.
Represent Team Human.
Investigation of Employee Misconduct Incident
On December 7, 2025, Binance’s internal audit department received a report alleging that a Binance employee had used insider information to post on official social media and improperly obtain personal gain. We immediately launched an investigation and are sharing the following preliminary findings with the community:
1. Preliminary Investigation Results
We have verified the employee in question is related to a token that was issued on-chain at 05:29 UTC on December 7, and less than a minute later, used the text and images relating to the token in a tweet posted by the @BinanceFutures account. These actions constitute abuse of their position for personal gain and violate our policies and code of professional conduct.
2. Actions Taken
Immediate Suspension: the employee was suspended immediately and is pending further disciplinary action.
Legal Accountability: We have proactively contacted and will actively cooperate with the relevant authorities in the employee’s jurisdiction and take appropriate legal action in accordance with applicable laws.
3. Bounty Reward
At Binance, we always uphold a user-first principle and are committed to transparency, fairness, and integrity. We have zero tolerance for any misconduct. We will continue strengthening internal controls, refining our policies, and ensuring incidents like this do not recur.
We welcome continued community oversight and encourage anyone with valid information to report via our official channel ([email protected]). We have completed the verification and de-duplication process for the valid reports submitted via Binance’s official whistleblowing channel ([email protected]). In line with our commitment, a total reward of USD 100,000 will be equally distributed among the following earliest and valid whistleblowers, and we will contact them directly via email:
l****4@g****.com
z****3@g****.com
b****c@g****.com
x****1@g****.com
d****7@g****.com
We also noticed that some reports were publicly shared on the X platform. We sincerely appreciate these efforts. However, to protect whistleblowers’ interests, the reward applies only to valid reports submitted through our official channel ([email protected]). We encourage the community to submit any future leads exclusively via this official channel.
Finally, we would like to sincerely thank our community for its continued trust and support. Together, we can uphold a transparent, healthy ecosystem and build a safer trading environment for all users.
Thank you for your support,
Binance Team
8 December 2025