Binance Bans 600+ Accounts for Alpha Airdrop Abuse

Binance Wallet has taken decisive action by banning over 600 user accounts for violating the rules of its Binance Alpha program, which manages token airdrops for new crypto projects. The banned accounts were found to be exploiting the system to claim more rewards than allowed, using unauthorized third-party tools such as bots and fake identities.

In response, Binance has suspended these accounts and removed their access to the program, citing violations of the platform's terms of service. The exchange confirmed that any profits from Alpha campaigns earned through fraudulent means will be revoked, and accounts involved in such activities may face permanent bans from all exchange activities.

This move is part of Binance's broader efforts to ensure fairness and security on its platform, following past user complaints about communication issues and token listing practices. A spokesperson stated, "We remain committed to building trust through fair participation in all user campaigns." The company has increased monitoring and implemented tighter user verification steps for future Alpha airdrops, along with clearer program rules and updated support resources.

Additionally, Binance has launched a new rewards system to boost community engagement, where the first user to report a verified breach can receive up to 50% of the recovered earnings. The exchange plans to continue working with project partners to detect fraud early and take permanent action against repeat violations.