Binance Strengthens Controls After Employee Leaks Listing Info
Binance released a transparency update on Wednesday, outlining the official procedure for projects seeking listings on Alpha, futures, and spot markets, while warning against fraudulent third-party “listing agents.”
“Token teams must submit listing applications exclusively through our official channels,” the exchange emphasized, clarifying that Binance does not authorize any external brokers or intermediaries to negotiate or influence listing outcomes.
The company noted repeated cases of individuals or firms misrepresenting themselves as Binance-connected facilitators, often charging fees or soliciting payments from project founders.
To address the issue, Binance published its formal listing framework and encouraged projects to report any claims of Binance representation outside official application portals. According to its official blog post, the exchange has blacklisted multiple parties after an internal audit and is offering rewards of up to $5 million for verifiable evidence of wrongdoing.
Binance identified seven entities and individuals on its internal blacklist: BitABC, Central Research, May/Dannie, Andrew Lee, Suki Yang, Fiona Lee, and Kenny Z. These parties were found to have falsely implied relationships with Binance or offered listing-related services, with legal action to follow where appropriate.
“These people and firms were identified through an in-house audit for falsely implying relationships with Binance or offering listing-related services,” the company stated.
Data from RootData indicates that one blacklisted group, Central Research, has supported several crypto projects including Fireverse, Nebula Revelation, AKI Network, Fusionist, and Artyfact. Of these, only Fusionist (ACE) currently trades on Binance, though the exchange did not link past listings to the blacklist findings.
The announcement follows recent confirmation of misconduct linked to leaked listing information related to the “year of the yellow fruit” memecoin. Binance revealed that an employee leaked listing details to a third party, leading to internal disciplinary measures and new controls to curb predatory behavior.
