Crypto exchange Binance has moved the native tokens of bankrupt crypto firms Voyager (VGX) and FTX (FTT) to its innovation zone.
According to a May 10 statement, the exchange moved them alongside 16 other struggling digital assets like JasmyCoin (JASMY), OMG Network (OMG), WazirX (WRX), Serum (SRM), OAX (OAX), and others.
Binance CEO Changpeng ‘CZ’ Zhao explained that the exchange moved those tokens to its innovation zone instead of directly delisting them. According to CZ, the new step was based on a suggestion from a community member suggested that Binance move failing projects to its innovation zone first before delisting them.
CZ added:
“IF they still don’t improve, we may delist.”
Binance said its innovation zone was designed to provide users with a platform to trade innovative projects with higher volatility and risks than other tokens.
The exchange continued that it would periodically review and identify projects that fit these criteria, adding that they could be moved
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