Binance refutes charges of bribe but accepts Tron made $3 million donation
Well, things don’t seem to be too friendly between the Ethereum community and the largest cryptocurrency exchange in the world. In the latest twist to the case, the Ethereum community has accused Binance of taking fees from Ripple to list XRP trading pairs and to change the ETH trading tab into ALTS, according to a report by Trustnodes on Friday.
Refuting any such speculation, Leah Li of Binance told Trustnodes: “Ripple has not made any donation or paid any fee.” But Li didn’t clarify why the XRP trading pairs are ranked first even though they have lower volumes in dollars than Ethereum pairs or whether there are any plans to change the ALTS naming after the outburst from the Ethereum community.
Replying to a statement made by Christopher Franko, Co-Founder of Expanse in August, which said that Binance had given him a listing quote of 400 BTC, at the time worth $2.6 million, to list Expanse, Li said, “Binance never offered Christopher Franko a listing quote of 400 BTC. We do not know where this number is from and there is no proof that the claim is true. We tried our best to refute this months ago.”
According to earlier reports, Binance had previously stated that a donation may be required for listing.
Earlier in October, Binance launched their Blockchain Charity Foundation (BCF), a donation portal based on blockchain technology at the UNCTAD World Investment Forum. Furthering the universally accepted U.N. Sustainable Development Goals (SDGs), Binance’s BCF also aims to build transparency in charitable organizations.
“Binance Charity will start to add more context and identifiers to the donations they receive which are tracked on the blockchain,” Li added.
Binance Charity’s fundraising channel was opened to support underprivileged and terminally ill patients in Malta. Tron and Binance each donated USD$10,000 to The Malta Community Chest Fund Foundation (MCCFF), which is constantly involved in improving the lives of Maltese and Gozitan individuals and families affected by a disease, disability, and economic vulnerability.
In October Tron donated USD$3 million to BCF as a gesture of goodwill and support, which was later converted to BNB and was then donated to the Malta project on behalf of Tron.
Replying to accusations that Ripple has also made a donation for listing, Li said, “No, Ripple has not made any donation or paid any fee.”
Image via Shutterstock
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