Bitget Falsely Lists Fake Version of $TOKEN, Warns Floki


Bitget recently delisted TokenFi (TOKEN) citing potential price manipulation and liquidity issues. In response, Floki said the exchange listed the tokens against their request not to. The listed version was apparently a fake one; it resulted in millions worth of trades.

Floki has accused Bitget of listing $TOKEN 12 minutes before the tokens officially became tradable. This fake $TOKEN listing left Bitget with a $10 million hole that they need to plug, which requires about 10% of the TokenFi total supply. With most of the supply locked in Floki’s staking pool, the exchange is unable to buy $TOKEN from the market.

In a statement on Twitter, Floki said: “Not only did #Bitget list a fake token, which they claim to be associated with Floki, against our request and before our token officially went live, they also DECEPTIVELY traded tens of millions of dollars in $TOKEN volume without any blockchain evidence of them having a single unit of the actual token in any of their wallets to represent user purchase of these tokens on their exchange.”

The exchange had previously accused Floki of not providing enough liquidity after its token launched and cast doubts on the tokens’ treasury and vesting schedule.

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