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    QONEQT in Crypto News

    10-Oct-2022 05:06 PM


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    ‘No basis’ for Binance's partial delisting of HNT — Helium COO

    The chief operating officer for the Helium Foundation, Scott Sigel has claimed there is “no basis” for cryptocurrency exchange Binance to delist several trading pairs of its cryptocurrency — Helium Network Token (HNT).

    Sigel in response stated “there is no basis for Binance to delist several HNT pairs.

    There has been no change to the integrity of HNT and it continues to meet all of the standards the exchange sets.”
    Related: Security and interoperability, the challenges ahead of Web3 mass adoption Questions as to why Binance is partially delisting HNT has sent traders speculating, with some claiming it was in response to Binance’s mix-up of Helium ecosystem tokens in September where an accounting bug saw the exchange allegedly lose around $19 million worth of crypto.

    Criticism has also been leveled at Helium for its revenue numbers despite significant funding rounds.

    Helium removed the mentions to both organizations on its website soon after.
    Source: Cointelegraph