These Altcoins Crash Hard as Binance Ends Support: Here’s What Happened

TL;DR

• Binance will delist three cryptocurrencies, whose price tumbled substantially after the disclosure.
• The exchange recently warned of phishing scams involving fake support calls, briefly paused futures trading due to a technical issue, and added support for WLFI across multiple services.

The Binance Effect

The world’s leading crypto exchange periodically reviews each digital asset listed on its platform and removes those failing to meet certain criteria, such as the team’s commitment to the project, the level and quality of development activity, the stability and safety of the network, trading volume and liquidity, and more.