BREAKING: Floki says Bitget listed a “faux model of $TOKEN”

• Bitget introduced the delisting of TokenFi (TOKEN) citing potential value manipulation and liquidity points.
• Floki has responded by saying the trade listed the tokens in opposition to requests to not on the time.
• The listed model was reportedly a faux one, apparently the itemizing resulted in hundreds of thousands price of trades.

The Floki staff has responded to Bitget’s delisting of TokenFi (TOKEN) by saying that the crypto trade ignored requests to not checklist the token till after seven days of it going reside.

What’s Floki saying about $TOKEN itemizing on Bitget?

Apparently, Bitget disregarded this request and listed $TOKEN, which Floki now says was a “faux model”. It additionally went on to permit trades price hundreds of thousands of {dollars} on the token, allegedly with out holding the equal in property to facilitate buyer withdrawals.

One of many bulletins warning in opposition to the faux $TOKEN is that this:

IMPORTANT TOKENFI NOTICE

We’re getting experiences from customers that bought #TokenFi / $TOKEN on the CEXs that introduced a “itemizing” at present that they can not withdraw their tokens on these CEXs.

As we communicated earlier, any TokenFi CEX itemizing that occurred at present was not… https://t.co/Zu2w3GuDGt

— FLOKI (@RealFlokiInu) October 27, 2023

Floki accuses Bitget of itemizing $TOKEN 12 minutes earlier than the tokens formally turned tradable.

“Not solely did #Bitget checklist a faux token, which they declare to be related to Floki, in opposition to our request and earlier than our token formally went reside, additionally they DECEPTIVELY traded tens of hundreds of thousands of {dollars} in $TOKEN quantity with none blockchain proof of them having a single unit of the particular token in any of their wallets to characterize person buy of those tokens on their trade,” a assertion posted on X reads.

The stated faux $TOKEN itemizing has left Bitget with a $10 million gap that they should plug, with this requiring about 10% of the TokenFi whole provide. Nonetheless, since many of the provide is at the moment locked in Floki’s staking pool, an absence of liquidity sees the trade unable to purchase $TOKEN from the market.

SETTING THE RECORDS STRAIGHT ABOUT THE UNAUTHORIZED BITGET $TOKEN LISTING

On October 18, 2023, we put up a DAO proposal to launch the Floki staking program and a reward token that can goal a trillion-dollar trade with robust potential. Whereas we didn’t point out it within the DAO… pic.twitter.com/JGnlKmR0lo

— FLOKI (@RealFlokiInu) October 31, 2023

As highlighted earlier, Bitget had accused Floki of not offering sufficient liquidity after its token launched and forged doubts on the tokens’ treasury and vesting schedule.