Binance announced the ban of around 300 accounts, exactly 297 accounts, after the “Megadrop IEO” event.

The main reason for this ban is attacks, as Airdrop hunters use sophisticated strategies to obtain as many cryptocurrencies as possible.

the details:
More than one million users participated in the Megadrop IEO event, reflecting a high level of user engagement.

However, risk control measures implemented by Binance revealed 102,000 fraudulent accounts.

This number is constantly updated as more accounts are examined.

These accounts have been mainly used in Sybil attacks, where multiple accounts are created to take advantage of free airdrops.

After a thorough investigation, Binance confirmed that 297 core accounts engaged in these activities and were banned.

For example, one such account controlled up to 9,000 KYC accounts.

The strict risk monitoring measures implemented by Binance ensure that such malicious activities are quickly detected and remedied.

To ensure that real users benefit, project expenses will be financed from frozen and recovered account funds.

Through these proactive measures, Binance aims to prevent system abusers from taking advantage of the latest Airdrop, and to assist only authorized users.

The bottom line is that there has been significant progress in the tactics of airdrop hunters, as “Sybil” attacks have become a serious threat in the field of cryptocurrencies.

By taking these measures, Binance hopes to reduce these threats and protect a safer trading environment for all users.