Binance banned over 600 accounts for using unauthorized third-party tools.
New policy rewards users up to 50% of reclaimed profits for verified reports.
The move strengthens fairness, transparency, and platform trust.
Binance has intensified its crackdown on misconduct, banning more than 600 accounts last week for using unauthorized third-party tools. The exchange says the move is part of its ongoing effort to ensure fairness, transparency, and trust within its global trading community.
Protecting Fair Play Across the Binance Ecosystem
According to Binance, the banned accounts violated the terms of service of Binance Exchange, Binance Wallet, or Binance Alpha. The company emphasized that such actions compromise platform integrity and may lead to permanent disqualification from all Binance activities.
Earnings linked to any Binance Alpha events will also be revoked for offenders. The exchange underscored that maintaining a fair environment is vital for protecting the interests of legitimate traders who follow the rules.
“Safeguarding the community is our top priority,” Binance stated, reiterating its zero-tolerance policy for misconduct or exploitation of its systems.
Dear User,
In-line with our commitment to protect our users and provide a fair platform, last week we banned over 600 accounts that had misused Binance Alpha by fraudulently using automated tools (e.g. “bot farms”).
In a notable update to its enforcement strategy, Binance introduced a new community-driven reporting program. Under the initiative, users who report verified violations can earn up to 50% of the reclaimed profits from banned accounts.
To qualify, reports must be submitted through official Binance channels and include detailed information — such as screenshots, user IDs, IP addresses, or blockchain data — to help the team validate the claims.
This move signals Binance’s shift toward a more collaborative approach, empowering users to play an active role in maintaining the platform’s integrity.
Strengthening Security and Transparency
The exchange described the initiative as part of a broader mission to reinforce security, transparency, and user trust. Binance thanked its community for continued cooperation and urged traders to remain vigilant against any suspicious activity.
By rewarding accountability and tightening enforcement, Binance aims to create a safer trading environment and restore confidence amid growing scrutiny across the crypto sector.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
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