In response to concerns raised by the community, cryptocurrency exchange Binance announced the implementation of risk controls to combat abuse of the Megadrop feature by 'airdrop hunters'.
The company was alerted to the activities of these individuals who were targeting and abusing Binance Megadrop, a feature designed to reward Binance Web3 wallet users.
The stock exchange made the following statement regarding the issue:
“Thank you for bringing the issue of 'Airdrop hunters' to our attention. “We understand your concerns about the targeting and abuse of Binance Megadrop and want to reassure you that we take this matter very seriously.”
Binance has implemented certain risk controls designed to prevent such fraudulent accounts from participating in Megadrop. These measures are expected to be further strengthened in the coming Megadrop seasons to minimize the possibility of such exploits.
“At Binance, protecting users is always our top priority. We have a zero-tolerance policy for dishonest behavior on our platform. We are committed to providing a safe and fair environment for all our users,” they added.
*This is not investment advice.
Binance essentially scam their users anyway. Allow me to explain.
with the recent STARK airdrop, they will have recieved tokens “in my name” since i was staking eth at binance during the airdrop snapshot.
however, due to my region, they told me im not elligable to recieve these tokens, but they refuse to acknowledge what will happen with my tokens. so im left to believe binance will just take my stark tokens