Binance Tightens Grip: Bans Over 600 Accounts, Incentivizes Fraud Reporting

Binance has taken a decisive stance against users engaging in unfair practices on its platform. Recent actions resulted in the suspension of over 600 accounts, identified for utilizing automated tools like bot farms to unfairly exploit promotional rewards and gain advantages within Binance’s ecosystem. To encourage user participation in maintaining platform integrity, Binance introduced a new reward system for those who report fraudulent activity.