Binance warned users to avoid token listing agents and offered as much as $5 million to whistleblowers who report listing fraud.
Binance, the world’s largest cryptocurrency exchange by trading volume, released a statement on its token listing process, cracking down on third-party involvement.
In a Wednesday announcement, Binance outlined the official pathways and requirements for token listings on its platform, emphasizing that projects should never engage with any third-party entities and should apply for listings directly with the exchange.
The exchange also identified several individuals and entities falsely claiming to be “Binance listing agents” offering to list on Binance in exchange for payment.
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