Binance Blacklists Fake Listing Agents, Offers $5M Bounty for Fraud Tips

Binance has publicly identified and blacklisted several individuals and companies for pretending to be official “listing agents,” offering bounties as high as $5 million for information that helps stop this fraud. The direct strike against a long-running scam aims to protect crypto projects from paying large fees for false promises of getting tokens listed on the world’s largest exchange. A Clear Warning to Fraudulent Intermediaries In a public notice shared by Binance co-CEO Yi He on X, the exchange warned projects to ignore anyone claiming to secure guaranteed listings in return for payment. Yi He wrote that Binance is offering rewards “across the entire internet” to collect criminal evidence tied to fake listing activity, adding that valid tips could qualify for payouts as high as $5 million. In the notice, Binance stressed that it does not recognize third-party intermediaries of any kind, pointing out that all listing applications must come...

https://cryptopotato.com/binance-blacklists-fake-listing-agents-offers-5m-bounty-for-fraud-tips/