According to the official statement of Binance CEO, the news about tether delisting from its platform proved to be fake. Earlier that day, this news caused the surge of the market and lead to extreme volatility.
As was stated in Twitter of the CEO of Binance, Changpeng Zhao, the exchange will not delist Tether (USDT).
Learned today, short term, launching a fiat exchange that required months of work had less positive impact than FUD about USDT (a single photoshopped fake announcement) on BTC price. But I also know for a fact, long term, hard work wins. Keep building!
— CZ Binance (@cz_binance) October 15, 2018
The possible reason and the source of fake news was the announcement from KuCoin about tether delisting because the token is considered to be SCAM. The traders and different social medias started to spread the news that Binance is going to delist this asset by providing the fake screenshot claiming to be an official announcement from exchange.
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