The controversy over the list of tokens, the deterioration of FDUSD stablecoin, and allegations of unethical behavior raised important issues.
These issues threaten to erode trust and challenge the position of vinance in the crypto industry.
Binance is struggling to meet the standards
One of the most pressing issues with Binance is the poor performance of tokens listed in Exchange. As previously reported by Beincrypto, 89% of tokens listed on the platform in 2025 recorded negative returns.
More concerning, another report reveals that most of the tokens listed in 2024 experienced negative performance.
Binance’s list was once considered the “LaunchPad” of a new project. However, it does not guarantee success.
The main example is the ACT token. This is a meme coin listed in the exchange that quickly plummeted. Earlier this week, major market maker WinterMute threw a massive amount of action, putting strong downward pressure on prices, and raising concerns about the transparency of Binance’s listing process.
These criticisms have led the community to believe that Binance prioritizes list fees over user interests.
Connecting to FDUSD
FDUSD stubcoin has also been shot at the center, making it a focus of controversy. FDUSD lost PEG and fell to $0.89 after reports surfaced that the issuer had gone bankrupt.
WinterMute, one of the largest FDUSD holders other than Binance, withdrew FDUSD 3,136 million from the exchange at 11:15am. The move is believed to have worsened the escape situation and caused panic in the market.
More concerning, community members claimed that some Binance employees leaked insider information about the FDUSD incident and could choose a whale chat group.
If true, this seriously damages the reputation of Binance and raises big questions about the transparency and ethics of the platform.
Overall, community dissatisfaction is growing, with many users hoping to boycott the exchange. Such negative reactions have shaking users’ trust in the platform. This was once considered a symbol of the reliability of the crypto space.
“Today’s Binance caused a massive liquidation in the ALTs listed in their exchange. Yesterday I warned you about their very dirty tactics, especially the guns. I refuse to use Binance #BoyCottBinance.”
These accusations stem from a central issue that prioritizes profits over users’ interests. Over the past few months, the community has always criticised the listing strategy, claiming that the exchange focuses on “shit” which collects high listing fees without considering the quality of the project.
The exchange recently introduced a community voting mechanism to determine a listing, which may not be enough to silence criticism.
As a Tier-1 exchange, the company is evaluated based on transaction volume, security, regulatory compliance, and community trust. However, recent events suggest that exchanges struggle to maintain these standards.
