Binance is excited to announce the 1st project on Binance Airdrops Portal - Banana Gun (BANANA), the ecosystem token of Banana Gun bot, offering trading tools for on-chain tokens. Users who subscribed their BNB to Simple Earn products from 2024-06-23 00:00 (UTC) to 2024-07-05 23:59 (UTC) will get the airdrop distribution. The BANANA HODLer Airdrops page is estimated to be available in five hours, and the new token will be distributed to users’ Spot Wallet 1 hour before trading starts.

Binance will then list BANANA at 2024-07-20 09:00 (UTC) and open trading with BANANA/BTC, BANANA/USDT, BANANA/BNB, BANANA/FDUSD and BANANA/TRY trading pairs. The seed tag will be applied to BANANA.

Please note: BANANA is a circulating token. The HODLer airdrop rewards will rapidly increase the circulation in the secondary market, which may cause huge fluctuations in the price compared to the current price after Binance opens. Please be cautious when trading!

#BNB #airdropholder

🚨 BINANCE WON LAWSUIT AGAINST SEC🚨

A US federal court has ruled that cryptocurrencies, including Binance's BNB token, are not securities. This decision marks a significant victory for Binance and the wider crypto community, potentially influencing other ongoing legal battles in the sector.

⚖️ Highlights of Court Decisions ⚖️
Judge's Ruling: Judge Amy Berman Jackson of the US District Court for the District of Columbia ruled that the cryptocurrency and BNB secondary sale did not constitute a securities offering. This decision dismisses several claims made by the US Securities and Exchange Commission (SEC).

Howey Test: The court found that the SEC failed to show that buyers in secondary market sales acquired BNB with an expectation of profit, which is critical to passing the Howey test. This test, established by the Supreme Court, determines whether a transaction qualifies as an investment contract.

Legal Precedent: The decision emphasizes that the SEC's approach confuses the issue and ignores the Supreme Court's restraint of precedent. The focus should be on whether the circumstances surrounding each transaction make it a securities transaction, not on the cryptocurrency itself.

🏆 Big Win for Binance and Crypto 🏆
The decision is a significant victory for Binance.US and the broader crypto industry, which has faced increased scrutiny from the SEC. The regulator's aggressive approach, especially after the collapse of FTX, aims to prevent similar incidents but has been criticized as potentially stifling innovation.

Implications for Ripple: This decision could have a positive impact on other legal battles, such as the SEC vs. SEC lawsuit. ongoing Ripple, by setting the precedent that cryptocurrencies themselves are not securities.

### Important Update for Binance Users: One Good and One Bad!

#### 🚫 Permanent Account Termination 😲

- Binance maintains strict policies against fraudulent and abusive activities.
- Accounts involved in unauthorized sales or similar violations will face **permanent termination**.
- This action aims to uphold the safety and integrity of our community.

#### 🎉 Rewards for Reporting Abuse

- Binance encourages users to report suspicious or fraudulent activity.
- Verified reports will be appreciated on a case by case basis.
- Your vigilance is very important in maintaining platform security.
- To report suspicious activity, please contact misuse-reporting@binance.com

#BNB⁩

😱🚨🚨The person who opened 9000 KYC accounts on Binance Megadrop was caught🚨🚨😱

Shortly before the#BinanceMegadrop platform was launched, it was discovered that fake accounts were opened by many knowledgeable people to receive additional rewards and thus participate in the airdrop campaign. It is noteworthy that one person opened more than 9 thousand accounts with KYC procedures. Binance announced that the account was frozen.
While the multi-account regime in Airdrop campaigns is increasing day by day, the number of people who "unfairly" want to win more prizes, Binance announced that the same situation was seen in Megadrop and many people's accounts were frozen.
Binance confirmed the claim
On the platform that Binance launched some time ago and named Megadrop, users can get several airdrops through various games. After this airdrop, the relevant tokens will be listed publicly, such as on Launchpool and Launchpad. After the announcement of the Lista Megadrop token, it was claimed that several accounts implemented a “Sibyl attack” and many accounts wanted to gain additional rewards from the airdrop.
9 thousand KYC accounts opened
Binance exchange confirmed and even detailed this claim in its statement. The exchange stated that it had frozen 297 accounts and even opened an additional account in one of them, after 9 thousand KYC procedures were carried out. It was stated that 1 million students participated in the Lista token megadrop campaign and 102 thousand of them were fake accounts.
#BinanceMegadrop #BNB

#Binance has banned hundreds of accounts involved in the#ListaMegadrop event due to fraudulent activity.
The exchange identified and froze accounts suspected of manipulating the#airdropsystem by creating multiple accounts and combining rewards into one account.
Binance's risk control measures detected this action, leading to the crackdown. Recovered funds will be redistributed to original users. Binance emphasized its commitment to maintaining a fair platform and invited wrongly flagged users to appeal.

#Megadrop #TrendingTopic #BNB⁩

LATEST NEWS: Megadrop Airdrop
Binance Web3 Wallet recently revealed a significant development involving the Megadrop airdrop. A total of 297 main accounts have been blocked due to fraudulent activity involving KYC (Know Your Customer) verification. One prominent case involved someone controlling 9,000 KYC accounts, collecting 630,000 USDT based on Megadrop's previous minimum guarantee of around 70 USDT per account.
This crackdown raises critical questions about the effectiveness of current risk control measures and the extent to which individuals will exploit the airdrop system. The individual in question, who acquired a large amount of funds, faces blocking of all funds. This scenario raises an important question: if they refrain from raising funds, can they avoid detection and subsequent blocking?
This incident highlights the ongoing challenges in maintaining the integrity of the cryptocurrency ecosystem and the need for strong security measures to prevent misuse.

#Megadrop #BNB⁩