Binance Offers $5 Million Reward for Information on Fake Listing Agents - Unchained

Crypto exchange Binance has launched a new whistleblower program offering rewards of up to $5 million to combat fraudulent token “listing agents.”

The reward is for verifiable tips that expose individuals or entities falsely claiming to act as intermediaries claiming they can secure token listings on the exchange for a fee

As part of the crackdown, Binance has published an internal blacklist of people and firms accused of impersonating Binance or soliciting paid listing deals.

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The blacklist includes BitABC, Central Research, May/Dannie, Andrew Lee, Suki Yang, Fiona Lee, and Kenny Z — all identified through an in-house audit.

The exchange has also formalized a stricter listing framework and explicitly stated that it does not authorize any third parties to handle or broker listings.

“Anyone claiming to be able to help you with a Binance listing is a scammer,” said Binance founder Changpeng Zhao on X

“I recently had a country President asking about a listing. I told them I can’t help,” he added.

The development comes amid reports that Binance is considering a return to the U.S. market, with Zhao potentially reducing his majority stake in the firm