Binance cracks down on bot activity in Alpha token program
Binance is cracking down on bot abuse in its Alpha Points early-access program after detecting coordinated bot farming activity.
Binance has identified and moved to restrict the use of bots exploiting its early access token distribution system, Alpha, the exchange said on June 4.
In a post, Binance said it had “recently detected certain groups using bots to participate in Alpha activities, which undermines the fairness of the Binance Alpha Points program.” It added that it has already taken measures to halt the activity. “We have upgraded our risk control systems to enhance the detection and handling of such behavior,“ the exchange said.
Binance said any use of bots will be treated as a violation by the exchange. The company also said that it “reserves the right to revoke the Binance Alpha Points eligibility of accounts involved in such activities and may impose further restrictions where necessary.”