COINOTAG News reports that Binance’s Co-CEO He Yi disclosed ongoing collection of evidence tied to fraudulent activity linked to a Listing Agent across the network, signaling intensified governance of crypto listings.

Binance issued a cautionary note to investors and projects: do not trust external agents claiming to manage listings, and note that the exchange does not charge listing fees for applications, reinforcing a transparent listing process.

The exchange also highlighted a potential reward program, offering up to $5 million for information that helps identify fraudulent Listing Agent schemes, aiming to deter misconduct and uphold market integrity.

Industry observers expect regulators to bolster security and compliance standards for digital asset listings, with emphasis on verifiable disclosures and robust due diligence across all listing channels.