Binance Bans Over 600 Accounts for Using Unauthorized Third-Party Tools

Binance, the world’s largest cryptocurrency exchange, has banned more than 600 user accounts for allegedly using unauthorized third-party tools, according to a statement shared on its Chinese-language X (Twitter) account over the weekend.

The company said the decision followed an internal review that identified multiple accounts violating its Terms of Use, which prohibit the use of unapproved bots, scripts, or automation software. Binance warned that users caught employing such tools could face permanent disqualification from all Binance-related services and forfeiture of any profits earned from events such as Binance Alpha, its early-access token-discovery platform.

“Following a review by our team, over 600 accounts were banned last week for using unauthorized third-party tools,” the company stated.

Binance Tightens User-Safety Enforcement

While Binance did not specify which tools were involved, the exchange has repeatedly cautioned users about the risks of relying on unverified trading bots or sharing API keys with external software providers. Such activities, the company notes, not only breach its policies but also expose users to security vulnerabilities, data leaks, and potential fund losses.

Binance’s updated Terms of Use, effective October 10, cover all of its products and services, including Binance Exchange, Binance Wallet, and Binance Alpha. The new rules reflect the platform’s push to strengthen operational integrity and safeguard users from fraudulent activity.

In addition, Binance has introduced a bounty program encouraging users to report policy violations. Verified whistleblowers can earn up to 50% of the reclaimed profits in cases where their reports lead to confirmed enforcement actions.

Ongoing Developments Around Binance

The enforcement announcement comes amid a series of significant developments for Binance. The exchange recently finalized its acquisition of South Korean crypto platform GOPAX, marking a renewed expansion into the Asian market and reinforcing its global presence.

Binance has also been addressing recent rumors regarding its token listing practices. The company firmly denied claims that it profits from listing new cryptocurrencies, describing such allegations as “false and defamatory.” Binance reiterated that all token listings undergo a strict evaluation process and that it does not charge fees for inclusion.

Separately, a pardon for Binance founder Changpeng Zhao (CZ) by former U.S. President Donald Trump has drawn renewed media attention, adding to the company’s eventful year of regulatory and operational updates.