Binance Announced New Measures to Address Major Manipulations in the Altcoin Market

Binance, one of the world’s largest cryptocurrency exchanges, has released new guidelines for market maker activities, imposing significant obligations on token issuers and other players in the sector. The updated rules aim to increase market transparency and protect users from potential manipulation risks.

Under the new regulations, projects issuing tokens are now required to promptly report the identities of their market makers, the teams behind them, and the details of the contracts to the platform. Binance has also explicitly banned profit-sharing or guaranteed return agreements with market makers. Furthermore, token lending agreements must clearly and transparently define how the tokens will be used.

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The exchange stated that strict sanctions will be applied to market makers and projects that do not comply with the rules. In this context, it was indicated that violating parties may be blacklisted and completely excluded from the platform. Furthermore, it was announced that an official reporting mechanism has been activated for reporting suspicious activity.

This move comes after recent allegations within the crypto community that some market makers have been engaging in manipulative practices. Claims, particularly regarding large-scale selling, sudden price drops, liquidity manipulation, and transactions targeting specific investors, have sparked controversy within the sector.

*This is not investment advice.

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