Platform Governance - Binance banned over 600 user accounts for using unauthorized automation tools to manipulate Alpha events, violating platform rules [1] - Binance will permanently disqualify users exploiting the system and seize profits earned through Alpha [1] - Binance reinforces its commitment to fair play, transparency, and platform security across its exchange, wallet, and Alpha products [2] Community Engagement - Binance invites the community to report suspicious activity through official channels [2] - Verified reports leading to confirmed violations may receive up to 50% of reclaimed profits from banned accounts [2] - Reports should include details like screenshots, UIDs, IP addresses, or blockchain data for quick verification [3] Market Strategy - Binance is pushing to clean up its ecosystem amid increased regulatory pressure and rising competition [3] - Binance launched a $400 million relief initiative, including $300 million in token vouchers and $100 million in low-interest loans for impacted participants, after recent market volatility [3]

BINANCE BANS 600+ ACCOUNTS FOR USING UNAUTHORIZED TOOLS- @Binance banned over 600 user accounts last week for violating platform rules.- The banned accounts were reportedly caught using automation tools that manipulate Alpha events — a violation of Binance’s terms of use.- According to Binance, any user found exploiting the system with such tools will face permanent disqualification from all Binance activities, and profits earned through Alpha will be seized.- The crackdown reinforces Binance’s commitment t ...