Binance offers up to $5 million for whistleblowers exposing fake listing agents
Binance has announced a reward of up to $5 million for information about fake intermediaries who impersonate exchange representatives and offer fraudulent listing services. This initiative is crucial for protecting investors and maintaining the platform's reputation.
Source The Block
Several individuals and companies have already been blacklisted by Binance for their involvement in fraud and may face legal consequences. The exchange is intensifying efforts against imposters to ensure a secure trading environment.
This move may mark the beginning of a broader campaign to cleanse the market of fraudulent schemes and strengthen regulatory oversight.
