Binance announced the ban of about 297 accounts after the Megadrop IEO event. The cause was given as Sybil attacks. Airdrop hunters use a variety of sophisticated strategies to get as many free tokens as possible. However, more and more projects are implementing strategies against these farmers.

More than 1 million users participated in the Megadrop IEO event, demonstrating a high level of participation. However, despite that concern, 102,000 accounts were discovered to be fraudulent through Binance's risk control processes. Because the platform checks many accounts, this number is constantly updated.

The accounts were mainly used in Sybil attacks, with some accounts created to take advantage of the airdrop. After a careful investigation, 297 key accounts were confirmed and banned by Binance. As an example of the scale of the Sybil attack, one of these accounts alone accumulated up to 9,000 KYC (identity verification) accounts.

Binance users have been reassured by the company that only fraudulent accounts are the focus of its risk control procedures. Genuine users do not need to worry about their accounts being affected.

-----------------

Binance still proves its position as the top TOP exchange today when protecting real users and creating a fair game for everyone, what do you think about this decision?