Binance Releases Blacklist Naming Seven, Offers Up to $5 Million for Fraud Reports

According to Binance, it released a blacklist naming seven individuals and organizations and said that reports of fraud may receive rewards of up to $5 million.

Summary

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Terms & Concepts
  • Blacklist: A list that flags or bans specified individuals or organizations from a platform or service.
  • Fraud reporting reward: A payment offered to people who report suspected fraud or misconduct to a platform.