Binance To Delist Centra After $32 Million Scam
Apr 05, 2018 Posted / 512 Views
The founders of Centra, Robert Farkas and Sham Sharma were recently busted for fraud related to their ICO, through which they raised $32 million and additionally they even asserted associations with Visa and MasterCard.
Following the allegation and arrest, Binance has chosen to delist Centra Token. They made an announcement which read:
“After proactively reaching out to the Centra Tech team to address our concerns and conducting thorough reviews of our findings, we have decided to delist the CTR token and the CTR/BTC, CTR/ETH trading pairs from the Binance Exchange. We will delist the CTR token on 2018/04/08 at 05:00 (UTC). Withdrawals of CTR tokens from Binance will continue to be supported until 05:00(UTC) on 2018/05/05.”
Notwithstanding the news, as per coinmarket, it has benefited 136% and as indicated by Price.Ambcrypto, Centra has picked up an incredible 150% in the last 24 hours.
Numerous from the cryptocurrency community guarantee that the present rise in prices was expected to a supposedly false picture asserting Centra was refunding every one of its clients.
As indicated by the Securities and Exchange Commission (SEC) and other individuals from the community, an association with VISA and MasterCard to have a card where you could spend in Centra tokens was the fundamental catch of the ICO (Centra) which drove numerous individuals to invest in it.
Applancer is an open platform for discussion on all things like Blockchain , Cryptocurrency and Ico news updates. As such, the opinions expressed in this article are the author's own and do not necessarily reflect the view of Applancer .
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