Binance’s Changpeng Zhao has received more than his fair share of criticism since Binance’s 2017 launch. As a high-profile crypto figure and the CEO of one of the sector’s largest companies, that is to be expected. But the denunciation leveled at him after the anonymous Chef Nomi’s SushiSwap sell-off scandal has been unwarranted. Few things […] new Best Crypto Exchanges in Australia Crypto.com Bitcoin Debit Card Review Top 10 Bitcoin Trading Sites in Australia Top 10 Bitcoin Trading Apps For iPhone & Android > See all reviews. Work with us . Request a News Story Submit a Press Release Submit a Sponsored Article Request a Review Request News Feed Integration Write For Us Crypto News Partner Packages. More . Events Interviews Crypto ... “Binance has a rigorous screening process for listing, and projects failed to pass the review may be still in observation period.” It begs the question: What kind of “rigorous process” could have been performed on an infant project in a matter of days? Related: To list or not to list, Part 2: Binance listing SUSHI was no big deal In the cryptocurrency news today, we have a new update with a brand new token in the field of decentralized finance.We are talking about SushiSwap or SUSHI, which is a project that wants to take the concept behind the leading decentralized exchange protocol Uniswap and offer a better alternative with further incentives to liquidity providers. Last week, however, Binance listed SUSHI – the governance token of the Sushiswap platform – a protocol designed as a fork of Uniswap with an added reward mechanism – the SUSHI token. It turned out, though, that the lead developer was the sole authority having access to millions of SUSHI tokens that he could have dumped at any moment, which he did. Having read the blames from the disgruntled SUSHI token investors, the CEO of Binance Changpeng Zhao ‘CZ,’ took to his Twitter handle to back the exchange action. At first, CZ began by explaining that as the leading digital currency exchange, Binance ought to support different innovations, some of which might unknowingly make it to the moon, or fall along the line. Opinion: Binance ignored its own guidelines by listing SushiSwap’s anonymous and unaudited token. Chef Nomi has cooked up what appears to be the biggest exit scam of 2020, but should others be held accountable as well?Binance, like many other major exchanges, listed SUSHI raw and unaudited on Sept. 1. The token price doubled upon listing.
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