Binance Cracks Down On Fake Token Listing Agents
Binance, the world’s largest cryptocurrency exchange, has detailed new guidelines for token listing applications, strictly prohibiting the use of third-party intermediaries. Projects must apply directly through official Binance channels, as no third parties are authorized to offer listing services. The exchange published a partial blacklist naming several fraudulent individuals and entities, such as BitABC and Central Research, falsely claiming to be Binance listing agents. Binance urges vigilance and encourages the community to report suspected listing fraud via its whistleblowing email, offering up to $5 million as a reward for valid tips. The company commits to taking strong legal action against fraudsters and emphasizes that all listing applications should be submitted directly, not through intermediaries. Binance's listing process has faced previous criticism, with founder Changpeng Zhao acknowledging flaws and suggesting automating listings similar to decentralized exchanges. Binance handles about $11 billion in daily trading and lists roughly 440 crypto assets.
