Binance delisted the cryptocurrency Gifto ($GFT) due to concerns surrounding its controversial token minting practices, causing a significant price drop.
Lookonchain's analysis reveals a massive, sudden minting and dumping of $GFT tokens by the project team, highlighting the risks associated with opaque tokenomics and lack of governance.
This event underscores the crucial need for users to exercise extreme vigilance when investing in cryptocurrencies, carefully researching projects and understanding potential risks before committing funds.
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