Over 600 Accounts Banned as Binance Tightens Security Rules

Over 600 user accounts have been permanently banned by Binance after the exchange detected the use of unauthorized trading tools, signaling a renewed focus on compliance and platform security.

In a post shared on its Chinese-language X account, Binance revealed that the bans followed an internal review identifying accounts that employed unapproved bots, scripts, or other automation software in breach of its terms of service. Offenders, the company warned, may also lose profits earned through its Binance Alpha events – the platform’s early token-discovery feature integrated with Binance Wallet.

The exchange stopped short of naming specific tools but pointed users to existing safety guidelines that prohibit API misuse, account sharing, and third-party integrations not officially sanctioned by Binance. The rules were last updated on October 10 and now apply across all Binance products, including Wallet and Exchange services.

In an effort to encourage community policing, Binance is offering whistleblowers up to half of any confiscated profits if they help expose verified violations. The measure highlights Binance’s attempt to tighten oversight at a time when algorithmic trading and external tool use have become increasingly common among crypto traders.

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The crackdown coincides with several major company updates. Binance recently finalized the purchase of South Korean exchange GOPAX, marking a renewed push into the Asian market. Meanwhile, the firm continues to deny accusations that it charges for token listings, calling such reports “false and defamatory.”

Adding to the company’s turbulent news cycle, discussions have resurfaced around former U.S. President Donald Trump’s reported pardon of Binance founder Changpeng Zhao, further fueling public attention around the exchange’s global operations and regulatory posture.