Binance has taken action against over 600 user accounts for engaging in unauthorized activities during its Alpha program, designed to distribute tokens. Binance confirmed that these users exploited the program using external tools, which compromised the platform’s integrity. To combat further abuse, the company is incentivizing community participation by rewarding individuals who report fraudulent activities. This move highlights Binance’s dedication to fair trading practices and maintaining trust within the platform. 600 accounts were recently banned for leveraging unauthorized tools during the Alpha airdrop program. The action aligns with Binance’s ongoing efforts to ensure fairness and transparency in token distributions. CEO Richard Teng emphasizes that Binance prioritizes fairness and has publicly committed to upholding its promise of a just platform. This incident, which occurred amid market volatility affecting various cryptocurrencies, underlines the importance of adhering to ethical standards in airdrop programs. Binance launched a compensation program worth $400 million in response, aimed at addressing the affected users. While it’s unclear if the bans are directly responsible for market drops, Binance emphasizes transparency and ongoing efforts to address the issue through community involvement and stricter verification procedures. The company will continue to prioritize regulatory compliance and collaboration with its community to ensure a fair and trustworthy platform.