The Binance team traced a lot of bot-associated activities and decided to prohibit the use of trading bots on its platform.
In the program, bots and scripts can be leveraged to mimic legitimate activity at scale.
Binance recently slammed on-chain traders using bots to get Alpha Points illegally, alerting that they would revoke the Alpha Points of accounts caught breaching the rule.
The recent notice from the largest crypto exchange, Binance, noted that the crypto exchange has taken a strong stand against traders who use bots to get points in its Alpha rewards system.
The Binance team traced a lot of bot-associated activities and decided to prohibit the use of trading bots on its platform in order to bring fairness. The notice writes that any use of bots, consisting but not restricted to scripts, automation tools, or other non-manual methods, will be considered a breach.
Adding more to this, the exchange highlighted that it has updated its risk control system
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