Binance has issued a warning to on-chain investors that exploit its Alpha Points program using automated bots, announcing fresh enforcement measures and system updates to restore balance.
Warning Issued to Bot Users
In its latest public statement, Binance indicated it has found large-scale bot activity attempting to manipulate Alpha Points, which are rewards points that users receive for participating in emerging projects on its Alpha platform.
“Any use of bots — including but not limited to scripts, automation tools, or other non-manual methods — will be treated as a violation,” the exchange repeats.
Accounts found by bots are susceptible to point revocation and added limits, according to Binance.
Sophisticated Detection Systems Utilized
To combat the manipulation, Binance has developed advanced risk controls. These are intended to enhance detection and prevention of manipulative activity, particularly from bots that are utilized for faking user interaction in bulk.
Bots are automated scripts executing commands according to pre-set parameters. Legal in the majority of settings, Binance policy forbids their use in Alpha Points because of concerns over manipulation.
Unfair Scaling of Rewards
Bot users can employ scripts to manually perform tedious tasks and rig participation levels artificially, undermining the program’s purpose of fostering real project engagement. This kind of cheating has been protested by the entire trading community.
Alpha Points and Previous Criticism
Alpha Points incentivates users to venture past researched and trendy crypto ventures, with promise of achievement tokenization or participation in airdrops. However, some investors have criticized Binance for monopolizing meme coin momentum and warping decentralization.
In its current review status, Binance’s latest move can bring back user faith that a level playing field can be attained.
