This is a general announcement and the products and services mentioned here may not be available in your area.

Dear User:

Recently, Binance has noticed that some account features have been abused to gain unfair advantages, such as enjoying more favorable rates or higher API limits than other users.

Binance is committed to taking the necessary steps to ensure compliance, protect users, and maintain market credibility. We firmly believe that strict measures will help increase user confidence in the platform and the entire digital asset market. Our goal is to create a healthy and sustainable market environment and always put the interests of all users first.

Therefore, Binance decided to take strict measures to combat account abuse.

Taking strict measures to combat account abuse

Binance offers a variety of account types, including subaccounts, custody subaccounts, and fund management accounts, which play an important role in various applications. However, these features may also be exploited by bad actors to try to circumvent our control measures to obtain or sell access to accounts to obtain more favorable rates and higher API limits.

Any unauthorized access to other users' accounts is a serious violation of the Binance Terms of Use and KYC/KYB policies. Such behavior not only undermines users' trust in the fairness and efficiency of the Binance platform, but also has a negative impact on the experience of the vast majority of rule-abiding users and weakens their contribution to the platform.

To ensure that Binance account functions are not abused, we have further strengthened the monitoring of all account usage and related activities. Binance will investigate all potential or suspected abuse incidents and take appropriate measures to correct the abuse when necessary, including but not limited to suspending or terminating the relevant account usage permissions.

As an industry leader, Binance has a responsibility to “lead the way” by ensuring the highest compliance standards and providing a fair and just environment for all users. These efforts are critical to further enhancing and maintaining the integrity of the platform.

Rewards for reporting abuse

In addition to technical improvements, Binance has established a channel for users to report abuse so that users can report any account abuse they encounter (such as unauthorized sale of account access rights).

We encourage users to report any observed or suspected account abuse to Binance. We will provide rewards for any verified cases of account abuse. The amount of the reward will be determined on a case-by-case basis. Your support will help us further improve the platform. To report account abuse, please send an email to misuse-reporting@binance.com.

Thank you for your continued cooperation and support. We believe that by working together with the community, we can further ensure a compliant, fair and efficient platform for all users.

Thank you for your support of Binance

Binance Team

June 27, 2024