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- Anjali Belgaumkar
Anjali Belgaumkar
Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto “Enthusiast” but trust me I'm getting there.
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Qadir AKQadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.
- Oct 19, 2025 14:55 UTC
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Binance Bans Over 600 Accounts for Using Unauthorized Tools
Binance bans 600+ accounts for using unauthorized third-party tools, reinforcing fairness and trust across its trading ecosystem.
Users can now earn up to 50% of reclaimed profits by reporting verified violations as Binance boosts security and transparency efforts.
Binance has announced that it banned more than 600 accounts last week for using unauthorized third-party tools. The exchange stated that it is taking strong action to protect fairness and maintain trust within its community.
According to Binance, these accounts violated the terms of Binance Exchange, Binance Wallet, or Binance Alpha. Going forward, any user found using such tools or breaking platform rules may face permanent disqualification from all Binance activities. In addition, any earnings made through Binance Alpha events will be revoked.
The company said it remains committed to safeguarding the rights and interests of genuine users while ensuring a level playing field for everyone. Binance also invited its community to take part in monitoring and reporting suspicious or non-compliant behavior.
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Rewards for Reporting Violations
As part of the new policy, users who report verified violations will receive a reward. The first person whose report is confirmed by Binance may earn up to 50% of the reclaimed profits from the banned accounts.
Binance has urged users to submit detailed reports through its official links. These reports should include as much information as possible, such as screenshots, user IDs (UIDs), IP addresses, or blockchain addresses, to help the team verify cases efficiently.
With this move, Binance aims to strengthen platform security and transparency. The exchange thanked its users for their continued cooperation and support in building a safer crypto trading environment for everyone.
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FAQs
Binance banned accounts for using unauthorized third-party tools that violate its terms of service, aiming to ensure a fair and trustworthy trading environment for all users.
Report violations via Binance’s official links. Provide detailed evidence like screenshots, UIDs, or wallet addresses to help the team verify the case efficiently.
Binance is proactively banning accounts, revoking illicit earnings, and running a community reporting program to maintain a secure and level playing field for everyone.
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