Core Viewpoint - Binance, the largest crypto exchange, has retracted its threat to sue the founder of a prediction market, acknowledging that its communication was excessive and apologizing to users and the industry [1]. Group 1: Allegations and Responses - CJ Hetherington, founder of Limitless, claimed that Binance demanded 8% of a new token's supply and over $2 million for listing the token, leading to accusations of Binance "dumping" tokens on retail investors [2]. - Binance initially threatened legal action against Hetherington, labeling his posts as "false and defamatory," while also confirming some details of his allegations [4]. - The company expressed surprise at Hetherington's unauthorized disclosure of confidential communications and reserved the right to take legal action [4]. Group 2: Industry Reactions - The controversy sparked a debate over listing standards at Binance and other centralized exchanges, with some crypto investors and DeFi founders criticizing Binance's practices [3]. - Conversely, several entrepreneurs defended Binance, with Nicolas Vaiman, CEO of Bubblemaps, stating that Binance was clear about its listing requirements and has provided ongoing promotional support for listed tokens [3]. Group 3: Historical Context - The issue of payment for token listings is not new, as evidenced by a previous lawsuit where BiT Global accused Coinbase of monopolizing the market for wrapped Bitcoin products [5]. - Additionally, allegations against Binance regarding excessive listing fees have surfaced before, including a claim from Jeffy Yu, who stated that Binance requested $1 million to list a token from his now-defunct project [6].

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Really cool update here from BubblemapsTheir Intel Desk aims to be the "Wikipedia of investigations"Where the best onchain sleuths build reputations and are rewarded via BMT bounties, and anyone can participateHappy to see the good guys being rewarded...Bubblemaps (@bubblemaps):ANNOUNCING THE INTEL DESKCrypto had no memory. No accountability.Until nowPowered by $BMT https://t.co/gqflO5Np4Y ...