Catenaa, Wednesday, December 24, 2025- Binance said it is offering rewards of up to $5 million for information leading to action against individuals falsely claiming to act as token listing agents for the exchange, as it tightened controls around its listing process.
In a transparency update released Wednesday, Binance said all token projects must apply for listings only through its official channels covering Alpha, futures and spot markets.
The exchange said it does not authorize third-party brokers or intermediaries to negotiate listings or influence outcomes.
The move follows repeated cases in which individuals and firms misrepresented themselves as Binance-linked facilitators while charging fees or soliciting payments from project teams. Binance said such activity is fraudulent and exposes projects to financial and reputational risk.
As part of the update, Binance published its formal listing framework and urged founders to report any outreach claiming to represent the exchange outside its official application portals. The company said it has blacklisted several parties after completing an internal audit.
Binance named seven entities and individuals placed on its internal blacklist: BitABC, Central Research, May also known as Dannie, Andrew Lee, Suki Yang, Fiona Lee and Kenny Z. The exchange said the group was identified for falsely implying ties to Binance or offering listing-related services. It added that legal action will be pursued where appropriate.
Binance said whistleblowers who submit verifiable evidence of misconduct may qualify for rewards of up to $5 million.
The exchange also pointed to recent internal measures after discovering leaked listing information tied to a memecoin incident, which led to disciplinary action and tighter controls.
