Binance bans more than 600 accounts over ‘unauthorized third-party tools’
Binance has banned more than 600 user accounts for employing “unauthorized third-party tools,” the exchange said in a statement posted via its Chinese-language X handle over the weekend.
The centralized crypto exchange added that, effective immediately, accounts found to be using such tools or otherwise violating the terms of Binance Exchange, Binance Wallet, or Binance Alpha may face permanent disqualification from all Binance activities and forfeiture of any profits earned in Alpha events. “Following a review by our team, over 600 accounts were banned last week for using unauthorized third-party tools,” the company’s statement on X said.
While Binance did not detail the specific tools implicated, recent official guidance and user-safety posts by the company warn that unapproved trading bots or scripts, API misuse, and account-sharing can trigger suspensions under the platform’s Terms of Use.
Those terms, updated Oct. 10, govern all Binance services, with product-specific rules applied to features like Alpha, Binance’s pre-listing token-discovery venue integrated with the Binance Wallet.
The exchange also called on users to report suspected abuse, offering a bounty of up to 50% of reclaimed profits to the first verified reporter in each case.
In other Binance-related developments, the exchange recently completed its acquisition of South Korea’s GOPAX. The acquisition is a renewed push into the Korean market and an expansion of its global footprint. Additionally, Binance has publicly disputed allegations that it profits from token listings, calling such claims “false and defamatory,” and reaffirmed that it does not monetise the listing process. Separately, a pardon for Binance founder Changpeng Zhao by former U.S. President Donald Trump has also emerged as a topic of discussion.
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