News

November 1, 2023

Bitget Accused of Unauthorized Listing and Fake Token Creation

Ethan Lim
Written byEthan LimWriter
Researched byNikos PapadopoulosResearcher

Introduction

Floki, in a recent post on X (formerly Twitter), has accused Bitget of listing the token without permission and subsequently listing a fake version of TOKEN before its official release. Floki further alleges that Bitget conducted tens of millions of dollars worth of trading volume without actually possessing any tokens in their wallet.

Bitget Accused of Unauthorized Listing and Fake Token Creation

The Issue

According to Floki, Bitget's unauthorized listing of TOKEN and the subsequent creation of a fake version of the token resulted in significant financial losses. As the value of TOKEN increased, Bitget's actions allegedly created a $10 million deficit as they did not possess the underlying asset.

Conclusion

Floki's response highlights the alleged misconduct by Bitget in listing TOKEN without permission and engaging in trading activities without actually holding any tokens. This raises concerns about the integrity and trustworthiness of Bitget as a cryptocurrency exchange. Users and investors should exercise caution when dealing with Bitget and ensure they are aware of the potential risks involved.

About the author
Ethan Lim
Ethan Lim
About

Ethan Lim, a native of the Lion City, is Singapore’s rising star in the domain of online casino guide localization. He masterfully blends his intimate knowledge of local culture with international gaming standards to produce content that resonates deeply with Singaporeans.

Send mail
More posts by Ethan Lim

Latest news

Shibarium: Thriving Community, Impressive Growth, and Increased SHIB Burn Rate
2024-02-16

Shibarium: Thriving Community, Impressive Growth, and Increased SHIB Burn Rate

News