Binance, the world's largest cryptocurrency exchange, has announced enhanced security measures aimed at preventing account misuse and ensuring a fair trading environment.
Following instances of unfair advantage gained through account misuse, Binance has warned of strict actions, including account suspension or termination.
The platform emphasises that such actions undermine its reputation and user experience, highlighting the importance of adhering to its Terms of Use and KYC/KYB policies.
Binance encourages users to report any suspected misuse incidents and offers rewards for verified cases, underscoring its commitment to maintaining platform integrity.
These measures are part of ongoing efforts by Binance to bolster security and combat security breaches, showcasing proactive steps in response to evolving threats in the cryptocurrency space.