05-15-2021, 09:41 AM
Binance is staying quiet about a unfortunate event 3 days ago
<!-- SC_OFF --><div class="md"><p>TLDR: Binance listed a new coin, it didn't work the way it should, delisted it and buyers are left with nothing.</p> <p>3 days ago Binance <a href="https://www.binance.com/en/support/announcement/0ef69e1d334c4d8c9ffbd088843bf2dd">listed GYEN</a>, a new stablecoin backed to the YEN currency. </p> <p>As soon as the token goes live, people buy in and price rises, which isn't supposed to happen to a stablecoin. Binance takes note of this and <a href="https://www.binance.com/en/support/announcement/2291f02b964f45b195fd6d4685db80bb">suspends trading. </a></p> <p>From there on out, radio silence. Binance has delisted GYEN and holders who bought the token are left with way less or nothing as to what they bought into.</p> <p>No one speaks about this. It's quite worrisome how they can just keep silent and make people forget any of this happened.</p> <p>Just look at the amount of people commenting on their <a href="https://twitter.com/binance/status/1392455328613208065">twitter post,</a> so many people just got rugged out of the blue, on a "safe" exchange.</p> <p>The reason I made this post is to make you remember that no matter the safe a exchange feels, they too can just shut you down and leave you with zero.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Railionn"> /u/Railionn </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/ncoiur/binance_is_staying_quiet_about_a_unfortunate/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/ncoiur/binance_is_staying_quiet_about_a_unfortunate/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>TLDR: Binance listed a new coin, it didn't work the way it should, delisted it and buyers are left with nothing.</p> <p>3 days ago Binance <a href="https://www.binance.com/en/support/announcement/0ef69e1d334c4d8c9ffbd088843bf2dd">listed GYEN</a>, a new stablecoin backed to the YEN currency. </p> <p>As soon as the token goes live, people buy in and price rises, which isn't supposed to happen to a stablecoin. Binance takes note of this and <a href="https://www.binance.com/en/support/announcement/2291f02b964f45b195fd6d4685db80bb">suspends trading. </a></p> <p>From there on out, radio silence. Binance has delisted GYEN and holders who bought the token are left with way less or nothing as to what they bought into.</p> <p>No one speaks about this. It's quite worrisome how they can just keep silent and make people forget any of this happened.</p> <p>Just look at the amount of people commenting on their <a href="https://twitter.com/binance/status/1392455328613208065">twitter post,</a> so many people just got rugged out of the blue, on a "safe" exchange.</p> <p>The reason I made this post is to make you remember that no matter the safe a exchange feels, they too can just shut you down and leave you with zero.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Railionn"> /u/Railionn </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/ncoiur/binance_is_staying_quiet_about_a_unfortunate/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/ncoiur/binance_is_staying_quiet_about_a_unfortunate/">[comments]</a></span>Kind Regards R