These Altcoins Crash Hard as Binance Ends Support: Here’s What Happened

TL;DR Binance will delist three cryptocurrencies, whose price tumbled substantially after the ￰0￱ exchange recently warned of phishing scams involving fake support calls, briefly paused futures trading due to a technical issue, and added support for WLFI across multiple ￰1￱ Binance Effect The world’s leading crypto exchange periodically reviews each digital asset listed on its platform and removes those failing to meet certain criteria, such as the team’s commitment to the project, the level and quality of development activity, the stability and safety of the network, trading volume and liquidity, and ￰2￱ on its most recent observation, Binance decided to cease all spot trading pairs involving BakerySwap (BAKE), Hifi Finance (HIFI), and Self Chain (SLF).

The actual delisting is scheduled for September 17, while Binance Spot Copy Trading will remove the pairs above on September 10. “ The spot trading pair(s) of the aforementioned token (s) will be ￰3￱ trade orders will be automatically removed after trading ceases in each respective trading pair,” the company explained. Additionally, Binance made it clear that deposits of these tokens will not be credited to users’ accounts after September 18, whereas withdrawals will not be supported after November ￰4￱ announcements usually have a negative effect on the affected cryptocurrencies due to factors like decreased liquidity, diminished availability, and reputational ￰5￱ case was no exception, with BAKE plummeting by 26% to around $0.05, thus reaching its lowest point since the beginning of ￰6￱ collapsed by 22%, while SLF headed south by 23%.

BAKE Price,). “What feels like a routine safety check quickly turns ￰7￱ adjusting those settings, victims unknowingly hand over the keys that let scammers drain funds straight into their own wallets,” the warning reads. Binance’s CEO Richard Teng addressed the matter on his personal X account and assured that the company will never ask its users for their passwords or credentials over the ￰8￱ a few days later, the entity temporarily paused all futures trading services due to a technical ￰9￱ disruption lasted less than an hour before operations were fully ￰10￱ was also among the trading venues showing support for WLFI, the cryptocurrency of World Liberty Financial, which saw the light of day earlier this ￰11￱ added the asset to its Binance Simple Earn, “Buy Crypto,” Binance Convert, Binance Margin, and Binance Futures programs and opened trading for the WLFI/BRL and WLFI/EUR ￰12￱ the backing and the initial pump, WLFI’s price headed south shortly after launch and is currently trading at around $0.22, representing a 9% decline on a daily scale.