Key Takeaways
- Binance Wallet banned over 600 accounts for misusing the Binance Alpha program, which manages airdrop distributions.
- The action enforces the platform’s terms of service and is part of broader efforts to ensure integrity in token distribution.
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Binance Wallet banned over 600 accounts last week for misusing its Binance Alpha program, according to a new announcement.
The action targets accounts that violated the platform’s terms while participating in Binance Alpha, the exchange’s engagement program designed to distribute tokens from new projects to eligible users through the exchange’s wallet service.
Binance has emphasized platform integrity measures in recent months, issuing apologies for past communication issues related to its listing processes and reinforcing commitments to transparency in programs like Alpha Airdrops.
The exchange has launched initiatives aimed at rebuilding user confidence through collaborative recovery plans and actions against fraudulent platform activities, particularly during periods of market volatility.
