Person caught opening 9000 KYC accounts for Megadrop on Binance

For Binance’s recently launched Megadrop platform, many users were found to have created fake accounts to receive extra rewards and participate in airdrop campaigns. One person opened more than 9 thousand accounts with KYC verification. Binance announced that such accounts were frozen.

Person caught opening 9000 KYC accounts for Megadrop on Binance

While the number of people who open multiple accounts in Airdrop campaigns and want to earn more rewards “unfairly” is increasing day by day, Binance announced that the same situation was seen in Megadrop and many users were identified and their accounts were frozen.

Binance confirmed the allegations

Binance launched a platform called Megadrop a while ago, where users can get some airdrops through various tasks. After these airdrops, the relevant token is taken to the general listing as in Launchpool and Launchpads. After Megadrop’s Lista token announcement, it was claimed that some accounts applied a “Sibil attack” and wanted to earn extra rewards from the airdrop by opening many accounts.

9 thousand KYC accounts opened

The Binance exchange confirmed and even elaborated on these allegations in a statement. The exchange stated that it froze 297 accounts and even one of them opened 9 thousand extra accounts with KYC verification. It was stated that 1 million users participated in the Lista token megadrop campaign and 102 thousand of them were fake accounts.

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