Binance Dismisses Allegations of Profiting from Listings as Defamatory

Binance denies profiting from new asset listings, calling allegations defamatory.

The world’s largest cryptocurrency exchange, Binance, has stated that it does not profit from the listing of new assets.

We are aware of the X posts by @cjhtech on 14 October 2025 that contain allegations against Binance that are false and defamatory. These are also clearly designed to mislead the community and attack the integrity of Binance’s listing process.

1. Binance does not profit from its…

— Binance Customer Support (@BinanceHelpDesk) October 14, 2025

This statement was in response to accusations from Limitless Labs CEO, CJ Hetherington.

offer from @binance:
> 1% airdrop on day 1, alpha listing
> 3% further airdrops in 6 months
> 1% for “marketing” at Binance full discretion
> provide 100% of TVL for token pool on Pancake Swap ($1M+)
> $250k security deposit
> 3% reserved for BNB HODLer programme
> $200k…

— CJ (@cjhtech) October 14, 2025

According to him, the exchange requested about 8% of the project’s total token supply, along with deposits in fiat and cryptocurrency. Limitless Labs is backed by Coinbase Ventures and Base Ecosystem Fund.

Mike Dudas, founder of 6MV, confirmed seeing similar offers from Binance in the past month.

A Binance Square user with the nickname 韭菜不红Leek wrote that the exchange requires projects to distribute 8% of tokens among its users through airdrops and other activities.

The company described Hetherington’s claims as “false and defamatory” and reserved the right to take legal action. Exchange representatives also expressed surprise at the “illegal and unauthorized disclosure of confidential correspondence.”

The platform clarified that it does not charge for listings, and deposits in money and tokens are returned within 1-2 years. The company also denies that its executives dumped project tokens.

Trader Compensation

Binance will allocate $400 million to a user recovery and support program. This follows the market crash and wave of forced liquidations on October 11.

The campaign, named the Together Initiative, will distribute vouchers totaling $300 million. Compensation will be provided to users who lost over $50 due to forced liquidation, with losses amounting to at least 30% of net assets at the time of the event.

The voucher amount for each user will depend on the size of the loss and other factors. Funds will be available in the Rewards Hub within 96 hours.

The initiative will supplement the previously allocated $283 million for holders of USDE, BNSOL, and WBETH. These assets lost their peg to target values on the platform, causing liquidity issues.

As part of the Together Initiative, a $100 million low-interest loan fund will also be available. It is intended for institutional users and ecosystem participants to resume trading. Binance expects this to ease liquidity pressure and help partners stabilize operations.

Exchange representatives emphasized that the compensation payments do not imply an admission of liability for user losses.

Earlier, on October 9, Binance introduced a platform for early access to meme tokens, Meme Rush — Binance Wallet Exclusive.