Binance removes 4 cryptocurrencies from its platform amid warnings of potential manipulation and fraud

- Binance, the largest cryptocurrency exchange in the world, 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 three tokens PDA, WING, and VIB saw a noticeable decline in value immediately after the removal announcement. However, ALPACA diverged from this trend, recording an increase in value despite the impending removal from the platform.

Details of the removal and its timelines

According to the official announcement, the removal decision will take effect on May 2 at 03:00 AM GMT. Starting from May 3, users will not be able to deposit these tokens on the Binance platform.

Additionally, the ability to withdraw these tokens will be halted after July 4. Finally, all open positions related to these tokens on Binance Futures will be closed on April 30.