June 27, 2024, 3:48 AM UTC

Binance Curbs Account Misuse that Gave Some Traders Unfair Edge

Sidhartha Shukla
Sidhartha Shukla
Bloomberg News

The world’s largest crypto exchange Binance will curb the misuse of account features that gave some users an unfair advantage on the platform.

  • Binance recently found instances of certain account features being exploited by users, the firm said in a Thursday statement.
  • The exchange offers a range of accounts including sub-accounts, managed sub-accounts and fund manager accounts.
  • Features of these “have the potential to be misused by bad actors that seek to circumvent our controls to either access or sell access to a better fee rate and higher API limits,” Binance said.
  • Unauthorized access of this kind represents ...

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