NEW YORK, Wednesday, July 10, 2024 – Binance has announced new measures to tighten oversight of its services and enhance user security.
The initiative includes offering rewards for reporting misuse, aiming to prevent fraudulent activities and ensure a safer trading environment.
Binance’s announcement can be read here.
Users are encouraged to report suspicious activities, with Binance offering significant rewards for verified information. This move is part of Binance’s ongoing commitment to compliance and security in the rapidly evolving cryptocurrency market.
Our priority is to protect our users and maintain the highest standards of security, the blog post said as Binance CEO Changpeng Zhao saying.
Binance’s new measures include enhanced monitoring systems, stricter compliance protocols, and increased transparency. The exchange also plans to collaborate with global regulatory bodies to further strengthen its security framework.
