⚠️Breaking News🚨
Binance removes 4 cryptocurrencies from its platform amid warnings of possible manipulation and fraud.
- Binance, the largest cryptocurrency exchange in the world, has announced that it will remove four digital tokens from its platform. These tokens include Alpaca Finance (ALPACA), PlayDapp (PDA), Wing Finance (WING), and Viberate (VIB).
The tokens PDA, WING, and VIB experienced a significant decline in their value immediately after the announcement of the removal. However, ALPACA defied this trend, showing an increase in its value despite the upcoming removal announcement. According to the official announcement, the removal decision will take effect on May 2 at 03:00 AM GMT. Starting May 3, users will not be able to deposit these tokens on the Binance platform.
Additionally, the ability to withdraw these tokens will be suspended after July 4. Finally, all open positions related to these tokens on Binance Futures will be closed on April 30.
This decision comes as part of Binance's periodic review process, which evaluates digital tokens based on several factors such as trading volume, liquidity, project team activity, and compliance with regulatory requirements. The platform stated that these tokens no longer meet the required standards, prompting the decision to remove them.
