Decentralized cross-chain protocol and network, Poly Network announced today. 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. Over 611 million has reportedly been stolen in one of the largest cryptocurrency hacks. "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. Binance handles 1.4 million transactions per second and moves 2 billion worth of crypto assets per day. 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. 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. More than a week after the US tied one of the biggest heists in crypto to a North Korean hacking group, digital-asset exchange Binance said it was able to recover about US5.8mil (RM25.09mil) worth of the stolen loot that had made its way onto its platform in disguised form. In response, Binance monitors the wallets of project owners and market makers associated with the Launchpad platform. 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.
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