Cryptocurrency exchange Binance did not accept the allegations that it interfered with the Uniswap (UNI) administration.
Claims were made about Binance that it intervened in the administration by using the Uniswap (UNI) asset. Hayden Adams, founder of community-run Uniswap, blamed the popular exchange. The issue of what the UNI tokens in Binance wallet are used for became the agenda on social media.
Binance Argues Allegations Are Misunderstood
Uniswap founder Hayden claimed that these ratios were created purely for the purpose of manipulation. According to Hayden, Binance also uses users’ assets in tokens to take control of the UNI. Denying the allegations, the crypto exchange stated that it will work hard to prevent misunderstandings and improve the process.
Changpeng Zhao, CEO of popular exchange Binance, made a statement on the subject. The founder of the company stated that they do not use the assets of the users to do such a thing.
Changpeng Zhao said the following on the subject;
The transfer between internal Binance wallets resulted in automatic authorization of UNI. It’s part of their protocol, not something we do for a reason. Binance does not vote with the user’s tokens. Uniswap got the situation wrong.
In addition, the popular exchange pointed out that it did not participate in any management tokens with its sharing on social media. According to the data, Binance ranks second in UNI management. Holding 5.9 percent of the voting power, the company comes after a16z.
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