Binance's most drastic measure in this crackdown on listing channels isn't just publishing a blacklist of intermediaries, but rather the fact that any project attempting to use a third-party intermediary will be immediately blacklisted. This is a direct, collective punishment, striking at the heart of the problem. Those who wield this tactic understand strategic maneuvering. Previously, no matter how much Binance emphasized the prohibition of intermediaries or how many blacklists they published, there were always those who claimed it was all for show, while simultaneously showing off their close relationship with CZ (Cheng Zhang). Almost all intermediaries promised to work first and pay only if successful, fostering a "take it or leave it" mentality among both intermediaries and projects—they figured there was little loss even if unsuccessful. Now, however, the collective punishment is severe; failure to list can lead to being blacklisted as well. Furthermore, according to rumors, Upbit already implemented this collective punishment model several months ago, eliminating a number of intermediaries and terminating and blacklisting projects currently in the process.