Binance has refuted claims that it profits from the token listing process, labeling the allegations as "false and defamatory." The statement was issued in response to CJ Hetherington, CEO of Limitless Labs, who alleged that Binance sought approximately 8% of Limitless's potential token supply and other guarantees. Binance emphasized that it does not charge listing fees and that any deposits are refundable within 1-2 years.
The exchange also criticized Hetherington for disclosing confidential communications, which it claims undermines industry integrity. Binance reserved the right to pursue legal action over these claims, maintaining that its executives do not engage in token dumping.
Binance Denies Profiting from Token Listings Amid Allegations
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