Escalating Crypto Drama Rips TRON’s US Binance Listing as a Chinese Govt Scam

  • DigiByte (DGB) founder says TRON (TRX) is a Chinese government scam coin.
  • TRON’s presence on Binance’s US platform threatens to undermine American lawmakers.
  • Follows past drama between DigiByte and the Binance-TRON cooperative.

TRON (TRX) is a Chinese government scam coin, and its listing on Binance US threatens to undermine faith in American lawmakers.

That’s according to DigiByte (DGB) founder Jared Tate, as he reacted to Wednesday’s news that Binance US would be listing TRON, along with 17 other altcoins.

Tate was unequivocal in his damnation of both TRON and Binance and claims both projects are duping unknowing American citizens.

Tate posted to Twitter on Thursday:

If American regulators allow @BinanceAmerica to continue operating let alone list the biggest scam in crypto history fronted by the Chinese government to dupe unknowing American citizens there will be an unprecedented loss of faith in our law makers.

The Binance vs DigiByte Saga

This isn’t the first time Tate has brushed up against Binance. In 2017 Binance demanded a ‘listing fee’ in return for allowing DigiByte to trade on its platform. When Tate asked how much he’d have to pay, a Binance representative replied: “How much you got?

More recently, Tate revealed he was asked for $300,000, plus 3% of the entire DigiByte coin supply in return for a listing.

Changpeng Zhao, CEO of Binance, has seen his exchange embroiled in controversy recently. | Source: REUTERS/Darrin Zammit Lupi

Binance, headed by the founder and chief executive Changpeng Zhao (CZ), denied all such claims at the time and continues to do so. But corroboration of Binance’s less than ethical practices isn’t hard to find.

According to uPlexa (UPX) founder, Kyle Pierce, the 1,000 BNB demanded by Binance to trade on the Binance DEX amounts to little more than a bribe. Speaking of the UDAP token, Pierce said:

Listing fees are typically supposed to go towards an audit. An audit of code, community, developers/team,…

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