Binance responds to accusations of "taking 8% of project tokens": relevant claims are false and defamatory

Binance responded to Limitless Labs CEO CJ Hetherington's accusation that he demanded approximately 8% of the project's tokens and additional margin, calling the statement "false and defamatory" and reserving the right to take legal action. In its statement, Binance emphasized that it will not profit from the token listing process, nor will it charge listing fees, and any margin in the form of cash or tokens will usually be refunded within 1 to 2 years. Binance also pointed out that Hetherington's unauthorized disclosure of confidential communications between the two parties is illegal and has undermined the industry's basic trust in confidential information. Previously, Limitless was supported by Coinbase Ventures and Base Ecosystem Fund. Some industry insiders claimed that Binance has a long-standing practice of requiring project parties to allocate part of the tokens for platform activities, but it is currently impossible to independently verify the statements of both parties. (The Block)