Summary
- Binance announced that it has upgraded the Alpha Risk Management System.
- It revealed that a certain group was caught using bots to participate in the Alpha Points Program.
- It stated that it may exercise its right to cancel the points of accounts involved in illegal activities.
Global virtual asset (cryptocurrency) exchange Binance announced that it has upgraded the Binance Alpha Risk Management System.
On the 4th (local time), Binance stated on its official website, "Recently, a specific group was caught participating in Binance Alpha activities using bots," adding, "This is an act that undermines the fairness of the Alpha Points Program."
It continued, "To strengthen the detection and handling of illegal activities, we have upgraded the risk management system," and added, "Binance reserves the right to cancel the points of accounts involved in illegal activities."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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