03-30-2020, 05:00 PM
Binance force selling the FTX tokens is very unethical.
<!-- SC_OFF --><div class="md"><p>On the 31st of March Binance is going to sell your FTX tokens on your behalf if you don't do it yourself, or if you don't withdraw the tokens from the exchange.</p> <p>This is very unethical because when exchanges normally delist a token they don't force sell them. They leave them in your wallet for you to withdraw much after the delisting. Binance is going to make a lot of people lose money with this action. We are talking about 95% of their initial buying price.</p> <p>They only gave people 4 days notice. This is unprecedented. Even when they wanted to delist BSV they gave people more than 3 months to withdraw <a href="https://binance.zendesk.com/hc/en-us/articles/360026666152">https://binance.zendesk.com/hc/en-us/articles/360026666152</a> But for some unknown reason they will actually force you into a loss after only 4 days notice. You may be ill, you may be too busy to find out, you may not have a place to withdraw the tokens; Binance doesn't care. And they will give you their own Binance USD token for it!</p> </div><!-- SC_ON --> Kind Regards R
<!-- SC_OFF --><div class="md"><p>On the 31st of March Binance is going to sell your FTX tokens on your behalf if you don't do it yourself, or if you don't withdraw the tokens from the exchange.</p> <p>This is very unethical because when exchanges normally delist a token they don't force sell them. They leave them in your wallet for you to withdraw much after the delisting. Binance is going to make a lot of people lose money with this action. We are talking about 95% of their initial buying price.</p> <p>They only gave people 4 days notice. This is unprecedented. Even when they wanted to delist BSV they gave people more than 3 months to withdraw <a href="https://binance.zendesk.com/hc/en-us/articles/360026666152">https://binance.zendesk.com/hc/en-us/articles/360026666152</a> But for some unknown reason they will actually force you into a loss after only 4 days notice. You may be ill, you may be too busy to find out, you may not have a place to withdraw the tokens; Binance doesn't care. And they will give you their own Binance USD token for it!</p> </div><!-- SC_ON --> Kind Regards R