% 4.69
BTC Dominance:
% 0.35
Market Cap:
$2.21 T
% 1.97
Fear & Greed:
33 / 100
$ 62.624
BTC Dominance:
% 53.6
Market Cap:
$2.21 T

Binance Detects and Freezes Fake Accounts Opened for Megadrop


As Binance’s recently launched Megadrop platform continues to gain popularity, it has also attracted those seeking to exploit the system for unfair gains. In a recent incident, Binance identified a user who had opened over 9,000 KYC-verified accounts in an attempt to manipulate the airdrop rewards. This individual’s actions highlight the lengths some may go to exploit crypto platforms.

The practice of opening multiple accounts to participate in airdrops and gain an unfair advantage is not uncommon. Binance, like many other exchanges, has implemented measures to detect and prevent such fraudulent activities. However, these attempts persist, as evidenced by the recent Megadrop incident.

Binance acknowledged the issue and provided details regarding the identified user. The exchange stated that it had frozen 297 accounts, one of which belonged to the individual with 9,000 KYC-verified accounts. It further revealed that over 102,000 fake accounts had participated in the Lista token Megadrop campaign, out of a total of 1 million participants.

Also, in the comment section, you can freely share your comments and opinions about the topic. Additionally, don’t forget to follow us on TelegramYouTube and Twitter for the latest news and updates.

Rate this post
READ:  Grayscale Sales Figures and Bitcoin ETFs: Current Status Review

Leave a Reply

Your email address will not be published. Required fields are marked *