Concerns Rise Over Binance’s Credibility Amid Negative Token Returns and FDUSD Controversies
The post Concerns Rise Over Binance’s Credibility Amid Negative Token Returns and FDUSD Controversies appeared on BitcoinEthereumNews.com.
Concerns regarding Binance’s operational integrity are growing, as nearly 89% of tokens listed on the exchange in 2025 have posted negative returns. This trend has fueled accusations against the exchange for potentially enabling insider leaks and market manipulation, especially related to the FDUSD stablecoin. Moreover, users now claim that Binance is placing profits above ethical practices, fostering a movement to abandon the platform entirely. With rising concerns over token performance and ethical questions, Binance’s credibility is under fire from investors and users alike. Binance’s Struggles: A Shift in Perception Recent trends are raising significant alarm bells for Binance as almost 89% of tokens listed on its platform in 2025 have seen declines. This data was highlighted by COINOTAG, which pointed out that the trend of negative returns is not isolated to 2025 but also affects most tokens from 2024. Once trusted as a robust launchpad for new projects, Binance’s credibility is in jeopardy. The ACT token, intended as a meme coin, illustrates this plight; it suffered a steep decline following substantial sell-offs by Wintermute, a leading market maker. The impeccable reputation Binance held is now being questioned as accusations emerge regarding the transparency of its listing process. “Not using Binance anymore. They are listing scam shitcoins to make huge profits instead of listing real projects.” #BoycottBinance — Darky (@Darky1k) April 1, 2025 The community’s backlash underscores a prevailing sentiment that Binance prioritizes lucrative listing fees at the expense of user welfare. Controversy Surrounding FDUSD Stablecoin Turning to the FDUSD stablecoin, it has surfaced as another point of contention with Binance embroiled in controversy. Reports reveal FDUSD lost its peg, dropping to $0.89 following revelations that its issuer faced bankruptcy. Further complicating matters, Wintermute, which held significant FDUSD outside Binance, withdrew 31.36 million FDUSD at a pivotal moment, likely intensifying the…
Filed under: News - @ April 4, 2025 3:21 am