Binance offers $5 million whistleblower reward as it cracks down on fraudulent token ‘listing agents’
The Block
Binance is offering up to $5 million for tips on fraudulent listing agents and has blacklisted several entities for misrepresenting connections.Summary
Binance has issued an update detailing its official token listing process, warning projects against fraudulent third-party "listing agents" who solicit fees by falsely claiming to influence listing outcomes. The exchange stressed that token teams must only use official application channels. To combat this misconduct, Binance published its formal listing framework, blacklisted seven specific entities and individuals (including BitABC and Central Research) following an internal audit, and is offering a reward of up to $5 million for verifiable evidence of wrongdoing. This crackdown follows a recent confirmation by Binance regarding insider trading misconduct linked to leaked listing information for a memecoin.
(Source：The Block)