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Binance responds to accusation of 'charging project parties 8% tokens': Claims are false and defamatory
Summary: In response to allegations by Limitless Labs CEO CJ Hetherington that Binance demanded around 8% tokens from project parties and additional collateral, Binance stated that the claims are 'false and defamatory' and reserves the right to take legal action. Binance emphasized in its statement that it does not profit from token listing processes or charge ...
In response to allegations by Limitless Labs CEO CJ Hetherington that Binance demanded around 8% tokens from project parties and additional collateral, Binance stated that the claims are 'false and defamatory' and reserves the right to take legal action.
Binance emphasized in its statement that it does not profit from token listing processes or charge listing fees, and any cash or token collateral is typically returned within 1 to 2 years. Binance also noted that Hetherington's unauthorized disclosure of confidential communications is illegal and has damaged the industry's basic trust in confidential information.
Previously, Limitless received support from Coinbase Ventures and Base Ecosystem Fund. Some industry insiders claim that Binance has long had a practice of requiring project parties to allocate some tokens for platform activities, but this has not been independently confirmed by both parties. (The Block)
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Link: Binance responds to accusation of 'charging project parties 8% tokens': Claims are false and defamatory [Copy]
