Binance issued a harsh response to the allegations shared by an account on the X platform on October 14, 2025. In a statement, the company stated that the allegations were “unfounded, misleading, and damaging to reputation.”
Binance maintained in its statement that it did not profit from the listing process and did not charge any listing fees. The company stated that the security deposit is collected solely for user protection and is used to ensure the continued operation of projects after listing. According to Binance, this deposit is generally refunded within one to two years under certain conditions.
Additionally, cryptocurrency exchange Binance described the allegations that it or its founders had conducted a token dump as completely unfounded and without evidence.
The company described CJ's unauthorized disclosure of confidential communications in his posts as “illegal and unethical behavior.” Binance stated that these posts violated the privacy policies of the platform and the industry.
Finally, Binance announced that it reserves the right to take legal action.
The claims regarding the token listing were as follows:
- •A 1% airdrop on listing day
- •3% additional airdrop within 6 months
- •Setting a 1% “marketing margin” at Binance’s discretion
- •Provide at least $1 million in TVL (locked assets) for the PancakeSwap pool
- •Depositing a security deposit of $250,000
- •3% allocated for the BNB HODLer program
- •$200,000 worth of tokens given to Binance-affiliated marketers
- •For spot listing, $2 million worth of BNB collateral must be deposited.
*This is not investment advice.