Bitget Exchange announced the divisting of Tokenfi token – Bits Media

The Bitget Cryptocurrency Exchange Administration announced the cessation of trading with Tokenfi because of the suspicions of the project organizers in an attempt to manipulate the market.

The Bitget exchange is suspected by the Tokenfi team of manipulating the “malicious control over the original liquidity ”and launches a return plan.

“After the launch of Tokenfi token trading (TOKEN) significant fluctuations in prices were noted. Tokens were added to the DEX liquidity pool. $2000. Besides, In the course of further analysis, additional potential problems were found, such as opaque project tokenomics and an obscure schedule for the transfer of rights ", - explain representatives of Bitget.

FROM 31 October Bitget freezes deposits, cancels deferred orders and suspenses trading services for tokenfi. TO 7 November 2023 years, the exchange intends to redeem tokens at the highest closing price. Then Bitget will exchange tokenfi for USDT at the price of the reverse ransom and enroll their equivalent to user accounts.

Earlier, the Bitget crypto officer published
Monthly Proof-OF-RESERVES report, confirming the overall reservation coefficient of customer cryptoactives in 207%.