Amid increasing scams and hacks, Binance, one of the largest crypto exchanges, has launched a $5 million bounty program aimed at exposing and preventing misconduct in the crypto listing process. The exchange offers this massive reward to the whistleblowers who expose this illicit act related to crypto listing agents.
Significantly, Binance’s bold move highlights its commitment to maintaining market integrity and protecting its users from unscrupulous actors. With a partial blacklist of rogue entities and individuals already in place, the exchange is sending the clear message that it will not tolerate fraudulent activities.
How Binance is Leading the Charge Against Scammers?
According to the latest official announcement, Binance has introduced a $5 million reward program to encourage information sharing that helps identify and prevent fraudulent schemes.
全网有偿征集相关欺诈人员的犯罪证据。 https://t.co/EJF7qWlzTK
— Yi He (@heyibinance) December 17, 2025
In an X post today, Binance Co-CEO Yi He reaffirmed this, stating that the exchange is offering up to $5 million to anyone providing evidence of fraudulent activities. She noted, “Offering a reward across the entire internet to collect criminal evidence related to the relevant fraudulent personnel.”
Exposing the Scammers: Binance’s Partial Blacklisting Revealed
As part of this effort, Binance has issued a public warning about Listing Agent scams, with Yi He revealing that the exchange has gathered extensive evidence of misconduct. The platform asserted that it doesn’t charge listing fees and urges investors to be cautious of third-party agents claiming to facilitate listing.
The exchange has partially blacklisted certain “Listing Agents,” including BitABC and Suki Yang, a former Pantera Capital team member. Also, May/Danny has been linked to Web3Port, a firm previously flagged by the exchange for suspicious market activity.