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Binance Wallet just banned more than 600 user accounts for exploiting an airdrop program with fraudulent automated tools, including bot farms.
The exchange says the crackdown is designed to ensure platform fairness and user protection.
The bans are focused on the Binance Alpha program, targeting coordinated bot activity that violates Binance’s terms of use.
Binance Alpha is a program within Binance Wallet that offers secure, user-friendly airdrop rewards to promote Web3 engagement
The company says the move is focused on a commitment to integrity, and users can now report suspicious activities via an official link, with rewards up to 50% of recovered earnings for verified tips.
The exchange urges detailed reports, including screenshots and UIDs, to combat fraud.
