Binance has taken significant measures against users exploiting mega drops. Initially intended for retail traders and investors, these promotions were misused by whales who created bulk accounts. In a groundbreaking move, Binance identified and banned over 100,000 accounts for violating its terms. These users created multiple accounts to stake $LISTA A and amass points, then consolidated all tokens into one account to evade detection. However, Binance's vigilant monitoring exposed this manipulative behavior aimed at securing unfair advantages, such as lower fees.
Binance is implementing strict actions to ensure fairness and security:-
Enhanced monitoring to detect and prevent misuse-
Account termination for those found exploiting features-
Rewards for verified reports of account misuseThis crackdown aims to create a fairer and more secure cryptocurrency environment for all users.
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