![]() These statements and actions underscore Binance's commitment to maintain fairness and transparency in their token listing process and to mitigate the risks associated with cryptocurrency trading. "Projects are often priced based on what users are willing to pay in the market, a point we find very unreasonable when it comes to market capitalization," he said. ![]() He found this approach to valuing market capitalization unreasonable. He Yi also criticized the practice of directly listing projects based on market pricing given by users. The stolen crypto was transferred to Binance, and as the crypto exchange recognized it, they recovered it. Binance Hackers Minted 569 Million in Cryptobut Couldn’t Keep It Another day, another massive hack in the cryptocurrency industry. In addition, they are now requiring multi-party custody of tokens issued by project owners as part of mutual oversight.Īddressing recent Initial Exchange Offerings (IEOs) that quickly achieved multi-billion-dollar market capitalizations upon listing, He Yi highlighted that "a large number of projects come from the previous bull market, and are generally over-pursued by capital." Consequently, the price of IEO projects listed on Binance is typically lower than the price of the last round of investor investments. Binance recovers 5.8M from the 600 million mega hack Reshab Agarwal ApCrypto News Trending Binance recovers 5.8M from the 600 million mega hack orchestrated by a North Korean hacking group. In response, Binance monitors the wallets of project owners and market makers associated with the Launchpad platform. Are you looking for: Fake bitcoin sender, fake bitcoin flashing tools, fake bitcoin transaction sender tool, how to send fake bitcoin, how to hack fake. He mentioned that some newly listed tokens have not performed well, while some lesser-known tokens have experienced drastic price fluctuations. ![]() In his tweets, He Yi also touched on issues related to coin performance and market volatility. 'Binance paused withdrawals a few hours ago. 'Initial analysis is developer private key was hacked, and the hacker updated the smart contract to a more malicious one,' wrote Zhao. He stated that listing decisions aren't solely at the discretion of one person, including CEO Changpeng Zhao, but are a broader collaborative decision-making process. Binance CEO Changpeng Zhao announced that the crypto exchange had paused withdrawals linked to a recent attack on Ankr. Binance Co-founder He Yi has recently taken to Twitter to discuss the criteria for token listings on the platform, emphasizing that Binance strives to consider the majority of user demands when listing coins. Binance handles 1.4 million transactions per second and moves 2 billion worth of crypto assets per day.
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