The Binance Megadrop platform, which was recently launched by Binance, the world's largest cryptocurrency exchange, detected that many users opened fake accounts and participated in airdrops to receive airdrops.
As it is known, Binance Megadrop announced the Lista (LISTA) airdrop campaign, which attracted great attention in May.
Binance detected that many accounts were opened as fake during the Lista airdrop event and took precautions.
At this point, Binance has frozen the accounts of many airdrop hunters who fraudulently and unfairly earned their Lista rewards.
According to Binance's statement, users used multiple Binance accounts by resorting to irregular transactions in order to receive more rewards from the Lista Megadrop event.
After receiving the rewards from different accounts, these users combined the funds into a single account and sold them.
In its statement, Binance said that it frozen 297 accounts related to the LISTA airdrop, and one of these accounts purchased 9 thousand KYC accounts.
“This user tried to escape and combine funds into a single account to avoid detection after Binance risk check. However, this account was detected and frozen.
“There were more than 1 million total participants in the LISTA airdrop, of which 102,000 were identified as fake accounts during risk checks.”
Finally, Binance stated that the funds recovered from malicious bot accounts will continue to be used in project activities to reward real users.
Listed on Binance on June 20, LISTA continues to trade at $0.693 at the time of writing.
*This is not investment advice.
