Cryptocurrency exchange Binance spoke about concerns about airdrop distribution in its statement.
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.
