- Binance denies claims it earnings from listings, calling them “false and defamatory.”
- The change launches a $400 million “Collectively Initiative” to assist affected customers and establishments.
- Authorized motion might observe towards these spreading deceptive accusations about Binance’s itemizing practices.
Binance has issued a pointy response to accusations that it earnings from token listings, labeling the claims as “false, defamatory, and deceptive.” The change clarified that it doesn’t cost charges or take token allocations in change for listings, instantly refuting posts made on X by Limitless Labs CEO CJ Hetherington on October 14, 2025.
Binance Pushes Again Towards “Defamatory” Allegations
In an announcement posted by means of Binance Buyer Help’s official X account, the corporate mentioned the allegations circulating on-line have been designed to “assault the integrity of Binance’s itemizing course of.” Hetherington had claimed that Binance demanded 8% of his mission’s token provide, together with deposits in fiat and cryptocurrency — a declare echoed by 6MV founder Mike Dudas, who mentioned he had seen comparable proposals just lately.
A Binance Sq. consumer underneath the identify 韭菜不红Leek added that initiatives have been allegedly requested to allocate 8% of tokens for group actions like airdrops. Binance denied these accounts, stating it doesn’t revenue from listings, and that each one deposits made by initiatives are totally refundable inside 1–2 years. The corporate additionally denied any allegations that its executives dumped mission tokens.
Representatives described the accusations as “unlawful and unauthorized disclosures of confidential correspondence” and mentioned Binance reserves the precise to take authorized motion towards these spreading false data.
$400 Million “Collectively Initiative” Introduced After Market Turmoil
Amid the controversy, Binance additionally introduced a $400 million consumer restoration and assist program generally known as the “Collectively Initiative.” This is available in response to the October 11 market crash, which brought on a wave of compelled liquidations.
The initiative contains $300 million in token vouchers for retail customers who misplaced over $50 and at the least 30% of their web belongings throughout the occasion. Eligible customers will obtain compensation inside 96 hours by means of Binance’s Rewards Hub.
Moreover, a $100 million low-interest mortgage fund can be made out there to institutional customers and ecosystem companions, aimed toward restoring liquidity and stabilizing operations. Binance pressured that these funds don’t suggest legal responsibility for consumer losses however are a part of its broader effort to rebuild trade confidence.
Binance’s Broader Response
The allegations and compensation program come as Binance faces scrutiny after the $19 billion liquidation cascade earlier this month. Regardless of market volatility and criticism, the change continues to emphasise consumer safety and transparency, positioning itself as a stabilizing power in a shaken crypto market.
Binance’s newest transfer follows its launch of Meme Rush — Binance Pockets Unique, a brand new early-access platform for meme tokens introduced on October 9, signaling the change’s continued push for ecosystem engagement regardless of turbulent circumstances.
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