Investors Outraged at How Binance Conducted BTT Sell-Off, Tron Fighting Fake BTT Airdrops

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Tue, 01/29/2019 - 10:31
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    Justin Sun tweets about fighting with BTT airdrop fraud sites, CZ boasts of fast BTT token sell-off, promising that slow buyers will get an extra BTT drop from Tron

Cover image via U.Today

The BitTorrent team reports that currently, on the wave of the rising interest in BTT coins, numerous fraudulent websites have appeared, offering free giveaways of BTT in exchange for small fares in crypto.

Justin Sun, BitTorrent: to protect and to serve

Tron’s file-sharing platform team reminds users that genuine BTT coins can be obtained only through the original BitTorrent airdrop campaign, finding the details on the company’s official site.

As per them, BTT will start trading on February 12 on particular crypto exchanges. This event will specially be reported on social media.

The BitTorrent and Tron teams are currently busy taking down web platforms spreading fraud regarding free BTT airdrops.

Binance BTT sell-off completed. Investors furious

Binance CEO CZ reports on Twitter regarding the BTT token sale that took place on Binance Launchpad on Monday, saying that BTT were sold in two sessions: for TRX and BNB. All BTT tokens were gone instantly, but due to technical issues, it all took slightly longer than expected – “18 minutes instead of 18 seconds”. The token sale brought $7.2 mln for 59.4 bln BTT going to investors.

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However, CZ also writes that a great many investors just had no time to buy BTT. In the comments below CZ’s tweets, users wrote that the sell-off began with 28 percent of tokens already sold, calling that manipulation.

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Others complained that all BTT tokens were bought by crypto whales, expressing their disappointment and even anger at the way the whole thing was carried out.

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Changpeng Zhao promised that the Tron team will conduct an extra free BTT airdrop for those who failed to buy the tokens on Monday.

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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