The world's largest cryptocurrency exchange responded to the latest allegations about Binance.
Accordingly, Binance, in response to a post on social media, said that it does not profit from the altcoin listing process and that many associated fees are refundable.
Binance responded to CJ Hetherington, CEO of Coinbase-backed Limitless Labs, calling the allegations “false and slanderous.”
CJ Hetherington, CEO of Limitless Labs, claimed that Binance is demanding around 8% of the exchange’s potential token supply, as well as other cash and token collateral.
Binance responded to Hetherington by saying that they are aware of the founder's allegations, that they are false and defamatory, and that they reserve the right to take legal action against these claims.
“We are aware of post X, submitted by CJ Hetherington on October 14, 2025, which contains false and defamatory allegations against Binance. These posts are clearly designed to mislead the community and attack the integrity of Binance’s listing process.
- Binance does not profit from the listing process – token allocations are for Binance users. Binance does not charge listing fees, and security deposits are required to protect users. This ensures the continued operation of projects after listing. These deposits are typically refundable within 1-2 years under certain conditions. CJ's claims contradict the terms he published, allegedly proposed by Binance.
- Allegations that Binance and its founders are selling tokens are completely unfounded and without evidence.
- We were also surprised by CJ's illegal and unauthorized disclosure of confidential communications with Binance. These releases undermined the integrity of what the industry and community clearly understand and know to be sensitive and confidential information.
Given the egregious and inexcusable nature of CJ's actions, we expressly reserve all rights, including taking legal action, to protect our interests.”
While Binance has denied the allegations, cryptocurrency analyst Mike Dudas said in a post on X', “I've personally seen other tokens listed last month with similar terms offered to Limitless. This seems to be a tactic Binance has been pursuing for years.”
Another X user noted that Binance requires altcoin projects to distribute 8% of their token supply to Binance users through airdrops and other events.
*This is not investment advice.