As you may remember, the cryptocurrency exchange Bitget announced the listing of TokenFi (TOKEN), the new project of the Floki Inu team, on October 27. However, in the news this morning, Bitget announced that it has delisted TOKEN.
Bitget delist cited the TOKEN project team's malicious control of initial liquidity and market manipulation as justification.
Responding to Bitget's delist statement, the Floki Inu team said in their statement that Bitget sold TOKEN without the knowledge of the Floki team and listed the TOKEN without informing the team.
Floki Inu said in his statement:
“On October 18, 2023, we introduced a DAO offering to launch the Floki staking program and a reward token that would target a trillion-dollar industry with strong potential. That was TokenFi (TOKNEN).
Prior to this DAO vote, we reached out to all of our exchange partners and asked them not to list TokenFi until seven days after the token goes live, as we plan to put forward a DAO vote to allow listing.
Bitget, the smallest of all the exchanges we spoke to, went behind our backs to announce a listing as soon as we announced the details of the token launch due to the excitement they were seeing.
Not only did Bitget defy our request that TOKEN not be listed until seven days after CEX launches, but they also listed a fake version of the TOKEN token 12 minutes before we made it officially tradable on the blockchain.”
Sharing a very long statement, the Floki Inu team also stated that they warned investors that some platforms may sell fake TOKENS.
*This is not investment advice.