Binance has taken a firm stance against traders using bots to exploit its Alpha Points rewards program, aiming to ensure fairness for genuine users. The exchange detected bot-related activities actively manipulating the program where users earn points by participating in tasks and interacting with projects on the Binance Alpha platform.
In response, Binance announced an updated risk control system designed to better detect and handle automated trading bots and other non-manual methods used to illegally accumulate Alpha Points. Accounts found violating the rules may have their points revoked and face further restrictions. The program rewards engagement by allowing users to exchange earned points for airdrops or token generation event participation.
Trading bots have been accused of simulating legitimate activity at scale and farming rewards, which undermines the platform's fairness, especially as the program was previously criticized for possibly contributing to centralization and unfair advantages. Binance has implemented machine learning and AI-powered enhancements to monitor the platform more effectively and prevent bots from disrupting the user experience.
The initiative underscores Binance's commitment to maintaining trust and security within its ecosystem while addressing broader concerns about decentralization and power concentration linked to institutional bot usage. The company aims to safeguard a secure and equitable environment for both automated and genuine participation on its platform.