PANews reported on October 15th that, according to The Block, Binance claimed in a post on X that it "will not profit from the token listing process." This statement was a response to remarks made by CJ Hetherington, CEO of Limitless Labs, a prediction market, blockchain, and artificial intelligence development studio. Earlier that day, Hetherington published an alleged "offer" from Binance, stating that the exchange was seeking approximately 8% of Limitless's potential token supply, as well as other cash and token guarantees. Notably, Limitless has received support from Coinbase Ventures and the Base Ecosystem Fund.
In response to Hetherington's remarks, Binance stated that it was "aware" of the founder's claims, calling them "false and defamatory," and reserved the right to take legal action. Binance stated on X: "We are also surprised by CJ's illegal and unauthorized disclosure of confidential communications with Binance, which compromises the integrity of information generally considered sensitive and confidential by the industry and community." Binance also clarified that it does not charge listing fees and that any cash and token deposits are generally refundable within a "1-2 year timeframe." The exchange also stated that Binance executives did not "dump" tokens.
