Binance releases statement cracking down on third-party involvement in token listing process. Projects encouraged to apply for listings directly with the exchange. Several individuals and entities falsely claiming to be “Binance listing agents” identified. Binance warns community to be cautious and report fraudulent activities. Bounty of up to $5 million offered to whistleblowers providing valid information.

Partial blacklist of fake listing agents named by Binance, including entities like BitABC and individuals like Fiona Lee. Binance urges community to be vigilant and report fraudulent activities. Exchange offers rewards for valid information about fraudsters. Projects interested in listing on Binance can apply through official forms on respective platforms.

Binance, founded in 2017, is the world’s largest cryptocurrency exchange by trading volume. Handles roughly $11 billion in daily crypto trades and lists about 440 crypto assets. Binance founder CZ previously criticized token listing process, suggesting automation. Binance denies reports of delayed action over funds linked to Upbit hack.

Binance listing process criticized for flaws, CZ suggests automation similar to DEXs. Exchange often criticized for shortcomings in token listing process. CZ says token prices go high on DEXes before listing on CEXs. Binance contacted for comment on handling of fraudulent listing agents but no response received.

Read more at Cointelegraph: Binance Cracks Down On Fake Token Listing Agents