Binance to Cancel Alpha Points for Suspected Price Manipulation

Binance's Chinese division announces that suspected manipulation or malicious activity will result in the immediate revocation of Alpha points, with further actions possible.

Summary

Binance's Chinese division revealed that users suspected of price manipulation or malicious behavior will have their Alpha points revoked without prior notice. The exchange maintains the right to take additional actions to safeguard the integrity of the platform.

Terms & Concepts
  • Alpha Points: A reward or loyalty metric used by Binance to incentivize user participation, potentially linked to trading benefits or promotional programs.
  • Price Manipulation: The act of artificially influencing the price of an asset to deceive or defraud market participants.
  • Malicious Actions: Activities intended to harm the integrity of trading or platform operations, such as fraudulent transactions or security breaches.