Binance bans hundreds of users who tried to cheat cryptocurrency distribution .
According to Binance, the decision to ban such users is part of its commitment to maintaining the integrity of its platform and rewarding genuine users.
Binance announced the ban of hundreds of users who tried to circumvent the broker's latest cryptocurrency distribution event. The company discovered that several users used fake accounts to receive free tokens, which goes against the platform's terms of use.
Binance detected these activities and froze the assets of these accounts and demanded the return of the tokens. Additionally, it permanently banned 297 accounts.
“After being flagged by the system's risk control, they attempted to consolidate the funds into one account to avoid detection, which triggered another risk control measure, leading to the freeze,” Binance explained.
