Floki Meme Coin Accuses Crypto Exchange Bitget of Listing Fake TokenFi Token and “Deceptively” Trading Millions in Volume

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By BitcoinWiki News

Key Takeaways:

– Popular meme coin Floki accuses Bitget of listing a fake version of the TokenFi token and engaging in deceptive trading practices.
– Floki had requested all exchange partners, including Bitget, to refrain from listing TokenFi until seven days after the token’s official launch.
– Bitget listed a fake version of the TokenFi token 12 minutes before the official trading commencement on the blockchain.
– Floki released three statements warning that no exchange was authorized to list TokenFi.
– Despite the warnings, individuals traded the counterfeit token listed by Bitget, resulting in a trading volume of around $50 million within 48 hours.
– Bitget delayed withdrawals for TokenFi before eventually delisting it due to liquidity issues.
– Bitget required up to 1 billion TokenFi tokens, worth around $20 million, to fulfill user withdrawal requests and rectify their financial deficit.
– Bitget offered to buy the needed tokens from the TokenFi treasury at a 90% discount from the market price.
– Floki finds this offer interesting as it was caused by Bitget’s irresponsibility in collecting funds from users without buying the TokenFi tokens they were paying for.


Popular meme coin Floki has accused cryptocurrency exchange Bitget of listing a fake version of the TokenFi token and engaging in deceptive trading practices. Floki claims that Bitget listed the counterfeit token before the official trading commencement and conducted trades worth $50 million on their platform within 48 hours. Floki also discovered that Bitget required 1 billion TokenFi tokens, worth around $20 million, to fulfill user withdrawal requests, but they did not possess any reserves to meet these demands. Bitget offered to buy the tokens from the TokenFi treasury at a discounted price, which Floki found questionable considering Bitget’s irresponsibility in the matter.

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