Binance Bans 297 Accounts After Megadrop IEO Due to Sybil Attacks

Binance has taken significant steps to combat fraudulent activities following the Megadrop IEO event. Sybil attacks, where attackers create multiple accounts to exploit airdrops, are becoming a serious issue in the crypto industry. “Binance’s stringent risk control measures identified and banned 297 accounts connected to Sybil attacks,” noted a company spokesperson. Discover how Binance’s rigorous