Binance Removes Helium And OOKI Related Transactions

Binance recently announced that it will delist trading pairs related to the two platforms Helium (HNT) and Ooki (OOKI) that have been caught up in negative news and legal battles.

In its latest announcement, the largest crypto exchange in terms of trading volume announced the removal of cross and isolated margin trading pairs: HNT/BUSD, HNT/USDT and trading pairs now: HNT/BTC, HNT/USDT, OOKI/BNB.

Perhaps Binance is trying to avoid troubles related to two platforms that have had a lot of market troubles recently.

As updated in recent Coincu News articles, the Founders and Insiders of Helium (HNT), a blockchain-based decentralized platform for the Internet of Things (IoT), have allegedly profited from the project at the expense of others who have invested in it.

According to a Forbes investigation released on September 23, insiders, including employees, their family and friends, and early executives, were linked to 30 wallets that mined at least 3.5 million of all HNT tokens during the first three months of the platform’s introduction in 2019.

Or on September 22, The Commodity Futures Trading Commission (CFTC) filed a federal civil enforcement action against members of the Ooki DAO decentralized autonomous organization over digital asset trading violations.

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