Taiwan Project Faces Binance Delisting? Gifto Team Unexpectedly Issues 1.2 Billion GFT and Transfers to Exchanges

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

Afterward, 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 selling off.

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

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