Catenaa, Monday, October 20, 2025- Binance, the world’s largest cryptocurrency exchange, has rejected allegations that it profits from its token listing process, calling recent claims by a startup founder “false and defamatory.”
The exchange was responding to CJ Hetherington, CEO of Coinbase-backed Limitless Labs, who published what he described as an “offer” from Binance that requested about 8% of Limitless’ token supply and additional deposits.
Binance said it was “aware” of the allegations and criticized the “unauthorized disclosure” of confidential communications. The company stated that it does not charge listing fees and that any token or cash deposits are typically refundable within one to two years.
Hetherington’s post quickly drew attention across the crypto community, with traders and industry figures alleging similar proposals.
Mike Dudas, founder of 6MV, said he had seen “the same nature” of offers from Binance in recent months.
While Binance maintains it does not “dump” project tokens, industry observers note that indirect costs tied to listings on the exchange can reach up to 7% of a token’s supply.
Neither Binance nor Hetherington provided further comment at press time.
The dispute highlights ongoing tensions around transparency in token listings as exchanges face increasing scrutiny over their internal processes.
