Binance Names Fake Listing Agents and Offers $5M Reward for Whistleblowers

Highlights:

• Binance warned projects against fake listing agents and shared names of confirmed offenders.
• Exchange offered up to $5 million for valid tips exposing listing-related fraud.
• Binance said listings only happen through official forms, never through paid intermediaries.

Binance issued a fresh public warning on Wednesday after detecting repeated attempts by outside actors to misuse its name. The exchange said several people and groups are falsely claiming the power to arrange token listings. Such claims, Binance stated, are misleading and harmful for crypto projects.

At the start of the announcement, Binance clarified one clear point. Token listings never involve third parties. Every project must apply directly through Binance’s official process. Binance described any offer promising faster approval or guaranteed listing as false and harmful.

According to a Binance announcement, the entities blacklisted by Binance’s internal audit include BitABC, Central Research, May / Dannie, Andrew Lee, Suki Yang, Fiona Lee, and Kenny Z. Binance said that certain individuals or entities have falsely claimed to be “Binance listing… pic.twitter.com/a57XqdgdW4

— Wu Blockchain (@WuBlockchain) December 17, 2025

Binace Shared Fake Listing Agents’ Names to Alert the Market

Following the warning, Binance revealed a partial list of people and entities accused of posing as listing agents. Central Research was named first. The group claims on its X account that it represents an investment research organization linked to listings. Next, Binance named BitABC, described as a crypto incubator. The exchange said BitABC falsely promoted paid access to Binance listings, even though no such route exists. Binance stressed no relationship exists with the incubator.

Another name mentioned was Fiona Lee. According to Binance, Lee presents herself on a Chinese-language X account as a former A-share trader and altcoin liquidity provider. Binance said such claims do not grant any authority over listings.

Exchange Says List Is Not Final

Binance clarified that the disclosed names cover only confirmed cases so far. The exchange warned that other fake agents may still operate online and urged users to stay careful. At the same time, Binance asked the community to report suspicious contact.

The exchange shared its official whistleblowing email and said reports help prevent further misuse. Then, Binance issued a direct warning to users and project teams.“Please exercise caution and remember that Binance does not authorize anyone to offer such services,” the exchange stated.

Legal Action and Rewards Announced Together

After naming the suspected actors, Binance confirmed that serious steps would follow valid reports. The exchange stated, “Binance will take strong measures, including legal action, against fraudulent brokers identified through reports.”

Along with enforcement, Binance introduced a major reward plan. The exchange said whistleblowers can receive up to $5 million for verified information that leads to action against fake listing agents. Binance explained that the reward offer aims to protect projects and improve trust. The company said accurate reports help reduce scams that target new crypto teams.

Binance also said users should stay alert if contacted by people posing as company agents. Such messages may ask for fees linked to trading help or listings. The exchange clarified that these requests do not match how it works. It stressed that no staff member or partner can demand money for listings. Binance also stated that real communication only happens through its official platforms and channels.

Binance Clarifies Official Token Listing Process

To avoid any further confusion regarding the listing process for projects on the platform, Binance clarified the process for listing projects on the exchange. Binance said the exchange receives listing requests only through the Spot Listing Application Form, the Futures Listing Application Form, and the Alpha Featuring Application Form. The firm also clarified that each listing request on the exchange undergoes evaluation by the exchange itself and not by payment or any other means.