Major Crypto Exchanges Delist Centra Tokens Due to Lawsuit

Binance, KuCoin and OKeX warned users of a fraudulent Centra ICO project and announced their plans to delist CTR tokens
03 April 2018   298

Today we have reported that the collective lawsuit was filed against Centra ICO. The project was accused of violating the US Securities Act, and the organizers of Centra ICO were charged with misleading investors about the company’s relationship with the payment services Visa and Mastercard, as well as in posting false information about its members on its website.

Following the announcement of Centra ICO being a fraud, major cryptocurrency exchanges started publishing notes warning the users of a fraudulent ICO project and delisting CTR tokens. Among the first exchanges which tend to delist the token are Binance, KuCoin and OKeX.

This is a special announcement about the high risk associated with the CTR token in light of the information released earlier today relating to the controversial and fraudulent acts by members associated with the Centra Tech team.
 

Binance Announcement

Binance stated that it will monitor the situation closely, and most probably take further actions including delisting, promising to inform the users about its intentions in a 72 hours notice.

KuCoin reported that it has subsequently conducted market research and analysis of the negative impact of the CTR project, and made a decision to delist Centra (CTR) tokens. CTR trading pairs closing date will be at 15:00:00 (UTC+8) on April 04, 2018, and CTR withdrawal function will remain open for some time.

OKeX has joined the above mentioned crypto exchanges and decided to close all Centratrading pairs starting from 15:10, April 3, 2018 Hong Kong Time. All pending orders of the trading pairs will be cancelled, but the withdrawal service of CTR will still be available until further notice.

OKEx Expands to Malta Following Binance

OKEx found the Malta government’s approach appealing and decided to grow OKEx exchange further on Malta
12 April 2018   105

At the end of March 2018 we have reported that the Binance cryptocurrency exchange was planning to open offices in Malta. It seems like the sunny island is very attractive for the exchanges, as OKEx has also announced today that it has met with Maltese government and regulatory leaders to discuss their legislative plans. OKEx found the Malta government’s approach appealing and decided to grow OKEx exchange further on Malta.

We look forward to working with the Malta government as it is forward thinking and shares many of our same values: the most important of which are protection of traders and the general public, compliance with Anti Money Laundering and Know Your Customer standards, and recognition of the innovation and importance of continued development in the Blockchain ecosystem.
 

Chris Lee

CEO, OKEx

Moreover, OKEx plans to become a member of Malta Blockchain community, and the exchange will also participate in Malta’s Government sponsored DLT Delta Conference which will be held in October, 2018.

The Hon. Silvio Schembri  meets with OKEx Chief Risk Officer Tim Byun and Vice President Jason Lau Silvio Schembri meets with OKEx Chief Risk Officer Tim Byun and Vice President Jason Lau

Malta is striving to become a "blockchain island", for instance, the new Malta Digital Innovation Authority certifies blockchain platforms used by companies in the country. The government of Malta really wants to bring some peace of mind to businesses using distributed ledgers for cross-border payments.