Binance Co-Founder Clarifies Asset Listing Policies
Binance co-founder Yi He has denied claims made in a debate on X (formerly Twitter) that the exchange had demanded tokens for listings. It also clarified its policies.
The debate was sparked by the CEO of Moonrock Capital — a crypto-native advisory and investment firm — who posted that Binance demanded 15 per cent of an unidentified project’s token supply to secure a listing on the centralised exchange.
Following this, He posted on X that the company screens projects for listings, but it does not charge a percentage of their tokens or a fixed amount. Since 2018, Binance’s listing policy stipulates that all listing fees will be “transparent,” and 100 per cent of the fees are donated to charity.
The Moonrock CEO’s post set off a debate about the listing fee policies of centralized exchanges — prompting Sonic co-founder and developer Andre Cronje to join in and make similar accusations about Coinbase.
Kraken Introduces Regulated Cryptocurrency Derivatives In Australia
Centralised cryptocurrency exchange Kraken has introduced a licensed brokerage service in Australia targeting wholesale clients. It is designed to meet the needs of institutional and large-scale investors.
This new service offers Australian clients with crypto-based derivatives trading, a financial product tied to cryptocurrency prices without requiring direct ownership of digital assets.
Since November 3, 2024, eligible clients have had the ability to trade crypto-based derivatives on Kraken’s platform. Those interested can apply or verify their eligibility for the service using the Kraken Pro app.
Wiz Khalifa’s X Account Hacked To Promote Sham Memecoin
The X (formerly Twitter) account of rapper Wiz Khalifa was reportedly hacked on November 3, 2024 to post a scam memecoin to the rapper’s 35.7 million followers.
In the now-deleted post on X, the hackers who had taken control of Khalifa’s account said the rapper had been “working with my team to drop $WIZ for all the crypto fans.”
The WIZ memecoin — deployed on the Solana-based memecoin launchpad pump.fun — rallied to a peak valuation of $3.4 million within 15 minutes of launch. Within the next hour, the market capitalisation of the memecoin crashed to less than $28,000 as early holders unloaded huge sums of the token. According to data from DEX Screener, WIZ is currently trading at a value of $8,400.
Data compiled from Solscan indicates that the two leading wallets acquired slightly over 155 million WIZ tokens at launch for $19,100 and later sold them, making a combined profit of $160,000.
Although the attacker’s identity and the method used in Khalifa’s hack remain unconfirmed, independent Blockchain investigator ZachXBT suggested that the same hacker was behind the takeover of Truth Terminal developer Andy Ayrey’s account on October 29, 2024. Zach warned in a message to his public Telegram group on November 3, saying, “Do not buy the Wiz Khalifa Pump Fun [token], it’s the same hacker who compromised Andy Ayrey (Truth Terminal creator) recently.”
