Wow! What a 36 hours for Centra investors.
We have seen much volatility in the Cenra token over the past week.
Monday saw the token take a rapid nose dive from highs of near to 5000 sats down to a mere 700 sats as rumours start circulating of Binance's consideration of delisting the token, Then in the next day or two saw the token regain just over half of it's value as investors looked to pump the coin to take profits. But today the token takes a hit and lost over 30% of it's sats again as Binance have taken pro-active action on the coin and has decided to delist the coin as of 8th April.
Important!! Binance will support withdrawals of the token until tomorrow so if you still hold the coin in Binance you have limited time to sort out your withdrawals etc.
See below for the official statement from Binance.
But why have Binance decided to delist the token?
An official Binance report the removal of the token is due to “high risk associated with the CTR token” after the exposure of “controversial and fraudulent acts by members associated with the Centra Tech team”.
The SEC have also charge Both co-founders, Sohrab “Sam” Sharma and Robert Farkas, over claims of false shilling and scam conduct, this has further progressed to the pair being arrested.