Taiwan project faces delisting from Binance, Gifto team unexpectedly issues 1.2 billion GFT and transfers to exchanges

According to information disclosed by ZachXBT, the Web3 project Gifto from Taiwan had 1.2 billion GFT tokens issued just hours after being delisted by Binance on the 26th, more than doubling its total supply.

Afterwards, the Gifto team transferred these newly issued GFT tokens to exchanges such as Kucoin, MEXC, HTX, Bitget, Binance, OKX, and Gate io, suspected to be for dumping.

According to Coinmarket data, the GFT token has fallen over 34% in the past 24 hours.

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