BitShares

PERL.eco

Tornado Cash

Waltonchain

Tornado

<div class="coinjournal">
 <ul>
 <li dir="ltr">Tornado Cash (TORN) price fell sharply on Monday afternoon, nosediving 55% from near $4.00 to lows of $1.64.</li>
 <li dir="ltr">The decline followed Binance’s announcement that it would list TORN, WTC, PERL and BTS.</li>
 <li dir="ltr">Binance agreed a $4.3 billion settlement with US authorities last week, with ex-CEO Changpeng Zhao stepping down.</li>
 </ul>
 Tornado Cash (TORN) shed 55% of its price on Monday as the market reacted to Binance news around the latest token delistings. At the time of writing, the price of TORN was $1.70, down from near $4.00 earlier in the day.
 According to data from CoinGecko, the Tornado Cash token traded to lows of $1.64 across major crypto exchanges.
 <h2 dir="ltr" id="binance-to-delist-torn">Binance to delist TORN</h2>
 On Monday, Binance announced the exchange would be delisting Tornado Cash (TORN) BitShares (BTS), PERL.eco (PERL) and Waltonchain (WTC). The crypto platform has planned to delist trading pairs for BTS/USDT, PERL/USDT, TORN/BUSD, WTC/BTC, WTC/USDT.
 The swift reaction of the market saw prices of the above tokens plummet sharply. <a rel="noopener noreferrer nofollow" title="Binance" href="https://thebittimes.com/tag/binance.html">Binance</a>’s announcement stated:
 “At <a rel="noopener noreferrer nofollow" title="Binance" href="https://thebittimes.com/tag/binance.html">Binance</a>, we periodically review each digital asset we list to ensure that it continues to meet the high level of standard we expect. When a coin or token no longer meets this standard, or the industry changes, we conduct a more in-depth review and potentially <a rel="noopener noreferrer nofollow" title="delist" href="https://thebittimes.com/tag/delist.html">delist</a> it. We believe this best protects all our users.”
 It noted that based on their latest review, they had “decided to <a rel="noopener noreferrer nofollow" title="delist" href="https://thebittimes.com/tag/delist.html">delist</a> and cease trading on all trading pairs” for listed tokens. The <a rel="noopener noreferrer nofollow" title="delist" href="https://thebittimes.com/tag/delist.html">delist</a>ing will occur on December 7, 2023 at 3:00 (UTC). The exchange&nbsp;
 As well as Tornado, the prices of Waltonchain, PERL.eco and BitShares dropped 56% to $0.075; 54% to $0.0077; and 47% to $0.0057 respectively.
 The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned the crypto mixing service.&nbsp;
 Meanwhile, <a rel="noopener noreferrer nofollow" title="Binance" href="https://thebittimes.com/tag/binance.html">Binance</a> agreed to a $4.3 billion settlement with the US authorities for various sanctions violations. Former <a rel="noopener noreferrer nofollow" title="Binance" href="https://thebittimes.com/tag/binance.html">Binance</a> CEO Changpeng Zhao also stepped down.
</div>
Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/tornado-cash-nosedives-55-after-binance-announces-torn-delisting-tbt71817.html">https://thebittimes.com/tornado-cash-nosedives-55-after-binance-announces-torn-delisting-tbt71817.html</a>

Tornado Cash nosedives 55% after Binance announces TORN delisting

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TheBitTimes

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