<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/binance-blocks-accounts-involved-in-megadrop-airdrop-fraud/" data-wpel-link="internal">Binance Blocks Accounts Involved in Megadrop Airdrop Fraud</a><br></p>
<p style="text-align: justify"><strong><a href="https://en.coin-turk.com/binances-vision-amidst-challenges-ceo-richard-teng-speaks-out/" data-wpel-link="internal">Binance</a></strong> Web3 Wallet recently announced a significant measure against fraudulent activities involving the Megadrop airdrop. A total of 297 primary accounts were blocked due to the purchase of KYC (Know Your Customer) verifications. These verifications were used to illegitimately obtain the Megadrop airdrop, undermining the integrity of the distribution process.</p> 
<h2 style="text-align: justify" id="630-000-usdt-airdrop-seized">630,000 USDT Airdrop Seized</h2> 
<p style="text-align: justify">A particularly striking incident involved a single account that managed to have 9,000 KYC accounts. This individual accumulated a significant amount of money using the airdrop system. Considering the previous Megadrop minimum guarantee was approximately 70 USDT per account, this account holder obtained a total of 630,000 USDT. However, Binance’s measures ensured that this illegally obtained amount was blocked, preventing the misuse of funds.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-365205 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/06/binance9.jpg" alt="" width="740" height="415"></p> 
<p style="text-align: justify">The KYC verification process is a critical component in maintaining the security and fairness of <span><a href="https://finance.coin-turk.com/" data-wpel-link="exclude">financial</a></span> systems. It involves verifying users’ identities to prevent fraud, money laundering, and other illegal activities. These individuals bypassed the system’s security measures by purchasing KYC verifications and illegitimately benefited from the Megadrop airdrop.</p> 
<h2 style="text-align: justify" id="megadrop-activities">Megadrop Activities</h2> 
<p style="text-align: justify">Airdrops like Megadrop are a method used by <strong>Blockchain</strong> projects to distribute tokens to users. These tokens can be used within the project’s <a href="https://newslinker.co" target="_blank" rel="noopener" data-wpel-link="exclude">ecosystem</a> or traded on exchanges. Airdrops are typically used to reward loyal users or promote the project to a broader audience. However, fraudulent activities like those uncovered by Binance undermine the purpose and fairness of such distributions.</p> 
<p style="text-align: justify">Binance’s decision to block these accounts demonstrates a strong stance against fraudulent activities. It is an extremely valuable step to show the importance of providing a secure and fair system for all users. By taking action against those who abuse the system, Binance has ensured that legitimate users are not disadvantaged.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/binance-blocks-accounts-involved-in-megadrop-airdrop-fraud/" data-wpel-link="internal">Binance Blocks Accounts Involved in Megadrop Airdrop Fraud</a></h5>

Binance Blocks Accounts Involved in Megadrop Airdrop Fraud

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