Binance Offers $5M Bounty for Tips on Fake Listing Agents
Generally, You should be aware that Binance, the world’s largest cryptocurrency exchange, has launched a bounty program offering up to $5 million for information that helps expose and stop fraudulent listing agents. Normally, the initiative aims to protect crypto projects from scams that promise guaranteed token listings in exchange for large fees.
Obviously, the crypto community has welcomed Binance’s move, and commentators on X praised the exchange for establishing clear listing rules and providing an official submission route, reducing reliance on rumors and back-channel deals.
Usually, Binance encourages whistleblowers to preserve evidence—such as screenshots or recordings—and submit it via the exchange’s audit email channel, and the company has indicated it may pursue legal action against brokers confirmed to be involved in fraudulent activities.
Always, You need to remember that Binance co-CEO Yi He shared a public notice on X, identifying and blacklisting several individuals and companies posing as official listing agents, including entities such as BitABC and Central Research.
Apparently, the partial blacklist includes individuals like May (also known as Dannie), Andrew Lee, Suki Yang, Fiona Lee, and Kenny Z, who falsely claimed ties to Binance’s listing team.
Historically, blockchain reporter Colin Wu noted that Central Research had investments in several projects—including Fireverse, Nebula Revelation, AKI Network, Fusionist, and Artyfact—but only Fusionist’s ACE token has been listed on Binance to date.
Generally, Binance’s proactive stance against fraudulent listing agents underscores its commitment to maintaining platform integrity and protecting the interests of crypto projects and investors alike.
Basically, You have to understand that the crackdown arrives as Binance expands its market presence, recently adding 31 new trading pairs tied to the Indonesian rupiah (IDR) to make major cryptocurrencies more accessible to local traders.
Normally, the exchange has also faced scrutiny over security protocols after freezing only part of assets requested by South Korean authorities following the November Upbit hack, raising concerns about coordination among major platforms.
Obviously, the crypto community is waiting to see how Binance’s bounty program will affect the number of scams and fraudulent activities in the industry.
Usually, You can report scams by preserving evidence and submitting it via Binance’s audit email channel, and the company may pursue legal action against brokers confirmed to be involved in fraudulent activities.
Always, Binance’s move is a significant step towards maintaining platform integrity and protecting the interests of crypto projects and investors alike.
Binance Cracks Down on Fake Listing Agents with $5M Bounty
Normally, the bounty program is a great opportunity for whistleblowers to help expose and stop fraudulent listing agents.
Generally, You should be aware that the program offers up to $5 million for information that helps Binance identify and stop scams.
Obviously, the initiative is a significant step towards protecting crypto projects from scams that promise guaranteed token listings in exchange for large fees.
Usually, Binance’s proactive stance against fraudulent listing agents underscores its commitment to maintaining platform integrity and protecting the interests of crypto projects and investors alike.
Always, You need to remember that the crypto community has welcomed Binance’s move, and commentators on X praised the exchange for establishing clear listing rules and providing an official submission route.
Apparently, the exchange has also faced scrutiny over security protocols after freezing only part of assets requested by South Korean authorities following the November Upbit hack.
Historically, Binance’s move is a significant step towards maintaining platform integrity and protecting the interests of crypto projects and investors alike.
Bounty Program Overview
Generally, You should be aware that the bounty program is a great opportunity for whistleblowers to help expose and stop fraudulent listing agents.
Normally, the program offers up to $5 million for information that helps Binance identify and stop scams.
Obviously, the initiative is a significant step towards protecting crypto projects from scams that promise guaranteed token listings in exchange for large fees.
Usually, Binance’s proactive stance against fraudulent listing agents underscores its commitment to maintaining platform integrity and protecting the interests of crypto projects and investors alike.
Always, You need to remember that the crypto community has welcomed Binance’s move, and commentators on X praised the exchange for establishing clear listing rules and providing an official submission route.
Apparently, the exchange has also faced scrutiny over security protocols after freezing only part of assets requested by South Korean authorities following the November Upbit hack.
Historically, Binance’s move is a significant step towards maintaining platform integrity and protecting the interests of crypto projects and investors alike.
Blacklisted Entities
Normally, You should be aware that Binance co-CEO Yi He shared a public notice on X, identifying and blacklisting several individuals and companies posing as official listing agents.
Generally, the partial blacklist includes entities such as BitABC and Central Research, as well as individuals like May (also known as Dannie), Andrew Lee, Suki Yang, Fiona Lee, and Kenny Z.
Obviously, these parties falsely claimed ties to Binance’s listing team.
Usually, blockchain reporter Colin Wu noted that Central Research had investments in several projects—including Fireverse, Nebula Revelation, AKI Network, Fusionist, and Artyfact—but only Fusionist’s ACE token has been listed on Binance to date.
Always, You need to remember that Binance’s proactive stance against fraudulent listing agents underscores its commitment to maintaining platform integrity and protecting the interests of crypto projects and investors alike.
Apparently, the exchange has also faced scrutiny over security protocols after freezing only part of assets requested by South Korean authorities following the November Upbit hack.
Historically, Binance’s move is a significant step towards maintaining platform integrity and protecting the interests of crypto projects and investors alike.
Community Reaction
Generally, You should be aware that the crypto community has welcomed Binance’s move, and commentators on X praised the exchange for establishing clear listing rules and providing an official submission route.
Normally, the initiative is a significant step towards protecting crypto projects from scams that promise guaranteed token listings in exchange for large fees.
Obviously, Binance’s proactive stance against fraudulent listing agents underscores its commitment to maintaining platform integrity and protecting the interests of crypto projects and investors alike.
Usually, You need to remember that the exchange has also faced scrutiny over security protocols after freezing only part of assets requested by South Korean authorities following the November Upbit hack.
Always, Binance’s move is a significant step towards maintaining platform integrity and protecting the interests of crypto projects and investors alike.
Apparently, the crypto community is waiting to see how Binance’s bounty program will affect the number of scams and fraudulent activities in the industry.
Historically, Binance’s move is a significant step towards maintaining platform integrity and protecting the interests of crypto projects and investors alike.
How to Report Scams
Normally, You should be aware that Binance encourages whistleblowers to preserve evidence—such as screenshots or recordings—and submit it via the exchange’s audit email channel.
Generally, the company has indicated it may pursue legal action against brokers confirmed to be involved in fraudulent activities.
Obviously, the initiative is a significant step towards protecting crypto projects from scams that promise guaranteed token listings in exchange for large fees.
Usually, Binance’s proactive stance against fraudulent listing agents underscores its commitment to maintaining platform integrity and protecting the interests of crypto projects and investors alike.
Always, You need to remember that the crypto community has welcomed Binance’s move, and commentators on X praised the exchange for establishing clear listing rules and providing an official submission route.
Apparently, the exchange has also faced scrutiny over security protocols after freezing only part of assets requested by South Korean authorities following the November Upbit hack.
Historically, Binance’s move is a significant step towards maintaining platform integrity and protecting the interests of crypto projects and investors alike.
Recent Developments
Generally, You should be aware that the crackdown arrives as Binance expands its market presence, recently adding 31 new trading pairs tied to the Indonesian rupiah (IDR) to make major cryptocurrencies more accessible to local traders.
Normally, the exchange has also faced scrutiny over security protocols after freezing only part of assets requested by South Korean authorities following the November Upbit hack, raising concerns about coordination among major platforms.
Obviously, Binance’s proactive stance against fraudulent listing agents underscores its commitment to maintaining platform integrity and protecting the interests of crypto projects and investors alike.
Usually, You need to remember that the crypto community is waiting to see how Binance’s bounty program will affect the number of scams and fraudulent activities in the industry.
Always, Binance’s move is a significant step towards maintaining platform integrity and protecting the interests of crypto projects and investors alike.
Apparently, the exchange has also faced scrutiny over security protocols after freezing only part of assets requested by South Korean authorities following the November Upbit hack.
Historically, Binance’s move is a significant step towards maintaining platform integrity and protecting the interests of crypto projects and investors alike.
Conclusion
Normally, You should be aware that Binance’s proactive stance against fraudulent listing agents underscores its commitment to maintaining platform integrity and protecting the interests of crypto projects and investors alike.
Generally, the initiative is a significant step towards protecting crypto projects from scams that promise guaranteed token listings in exchange for large fees.
Obviously, the crypto community has welcomed Binance’s move, and commentators on X praised the exchange for establishing clear listing rules and providing an official submission route.
Usually, You need to remember that the exchange has also faced scrutiny over security protocols after freezing only part of assets requested by South Korean authorities following the November Upbit hack.
Always, Binance’s move is a significant step towards maintaining platform integrity and protecting the interests of crypto projects and investors alike.
Apparently, the crypto community is waiting to see how Binance’s bounty program will affect the number of scams and fraudulent activities in the industry.
Historically, Binance’s move is a significant step towards maintaining platform integrity and protecting the interests of crypto projects and investors alike.
