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Binance defends SUSHI listing after criticism

Binance defends SUSHI listing after criticism

Following SushiSwap’s dramatic drop, customers blasted crypto trade Binance for even itemizing the token within the first place. However Binance stands by its resolution to again dangerous tasks.

Binance CEO Changpeng Zhao, higher generally known as CZ, defended their resolution to listing tasks and tokens like SUSHI in a tweet.

“As one of many leaders of the house, we help innovation. With innovation comes the prospect of excessive reward, and excessive threat. Some tasks make it to the moon, whereas some fall quick. At all times handle your threat accordingly. In crypto winter, I inform individuals to HODL. When issues are sizzling, I inform individuals to be tremendous cautious. I nonetheless get warmth each time one thing go south. I’ll take the warmth. It simply harm to see individuals getting rekt, and nonetheless not managing their dangers.”

SUSHI fell from $9.5 to $1.13 in simply 5 days after its challenge head, the nameless developer Chef Nomi, dumped a stash of SUSHI from the dev fund. Chef Nomi has handed over management of the protocol to FTX CEO Sam Bankman- Fried.

Decentralized finance watchers weren’t proud of Chef Nomi’s actions, and a few who purchased SUSHI blamed exchanges like Binance that listed the token within the first place.

Binance has lengthy been a supporter of DeFi tasks, itemizing many tasks up to now yr. Zhao has stated he believes DeFi is the longer term although extra training and experimentation could have to occur earlier than it turns into mainstream.

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