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Binance Cracks Down on Bot Use in Alpha Points Program

  • Binance has cracked down on the use of trading bots in its Alpha Points program after tracing bot-associated activities.
  • The exchange has prohibited the use of bots to maintain fairness and has updated its risk control systems to monitor bot usage on the platform.
  • Bots are automated software programs used by traders to execute trades based on predefined strategies, operating autonomously 24/7.
  • The Alpha Points program offers rewards for interacting with projects on the Binance Alpha platform, but bots were being used to artificially inflate engagement metrics and farm rewards.

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