Bitget announced the delisting of TokenFi (TOKEN) citing potential price manipulation and liquidity issues.Floki has responded by saying the exchange listed the tokens against requests not to at the time.The listed version was reportedly a fake one, apparently the listing resulted in millions worth of trades.
The Floki team has responded to Bitget’s delisting of TokenFi (TOKEN) by saying that the crypto exchange ignored requests not to list the token until after seven days of it going live.

What is Floki saying about $TOKEN listing on Bitget?
Apparently, Bitget disregarded this request and listed $TOKEN, which Floki now says was a “fake version”. It also went on to allow trades worth millions of dollars on the token, allegedly without holding the equivalent in assets to facilitate customer withdrawals.
One of the announcements warning against the fake $TOKEN is this:
Floki accuses Bitget of listing $TOKEN 12 minutes before the tokens officially became tradable.
“Not only did #Bitget list a fake token, which they claim to be associated with Floki, against our request and before our token officially went live, they also DECEPTIVELY traded tens of millions of dollars in $TOKEN volume without any blockchain evidence of them having a single unit of the actual token in any of their wallets to represent user purchase of these tokens on their exchange,” a statement posted on X reads.
The said fake $TOKEN listing has left Bitget with a $10 million hole that they need to plug, with this requiring about 10% of the #TokenFi total supply. However, since most of the supply is currently locked in Floki’s staking pool, a lack of liquidity sees the exchange unable to buy $TOKEN from the market.

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

Sam Bankman-Fried (SBF), the disgraced co-founder of the now insolvent cryptocurrency exchange FTX, concluded his first day of trial involving jury selection and voir dire questioning. The process extended into Wednesday as U.S. District Judge Lewis Kaplan eliminated several potential jurors on Tuesday.
Trial of FTX Co-Founder SBF Unveils Juror Crypto Losses on Day One of Voir Dire
A day earlier, on Tuesday, Sam Bankman-Fried (SBF) appeared in the courtroom sporting a considerably shorter haircut and accompanied by his legal counsel. Various media outlets reported on the jury selection and voir dire, including an extensive X thread from Matthew Russell Lee’s Inner City Press publication. Judge Kaplan and the court aim to select a total of 12 jurors and approximately six alternates, hoping to complete the process on Wednesday.
Lee’s coverage of Tuesday’s hearing revealed that several prospective jurors mentioned losing money in cryptocurrencies. One potential juror claimed their company invested in FTX and Alameda Research, experiencing financial losses. Another person stated their fiancé lost money investing in crypto assets, while a third individual worked for Signature Bank, which financed FTX transactions, according to Inner City Press.
FTX founder SBF was present at the hearing, consulting with his attorneys such as Andrew Cohen. Judge Kaplan instructed jurors not to conduct any external research or post about the case online. “It would not surprise me if some of you have heard about this case,” Kaplan remarked. He added that opening statements could commence mid-morning on Monday, October 9, 2023. During the hearing, SBF was observed typing on a court-provided air-gapped laptop.
One possible juror expressed concern that the case involved the death penalty and stated they could not participate if the punishment was so severe. Judge Kaplan reassured the juror that the death penalty would not be applicable in this legal matter. Over 70 prospective jurors were questioned by the judge and attorneys, leaving an estimated 50 candidates remaining to finalize the selection of 12 jurors and six alternates.
What do you think about SBF’s first day of trial and the jury selection difficulties? Share your thoughts and opinions about this subject in the comments section below.
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Crypto, crypto exchange, crypto legal, crypto trial, Cryptocurrency, Sam Bankman-Fried, sbf, Tethereum