Binance delists FLOW/BTC pair, flags token after exploit

The largest crypto exchange by trading volume announced two moves related to the FLOW token following the project's foundation updating users on a $3.9 million exploit.

Cryptocurrency exchange Binance has announced a change in its policies related to trading and monitoring following a $3.9 million exploit of the Flow blockchain last week.

In a Friday announcement, Binance said it would remove nine spot trading pairs from the exchange beginning on Saturday, including one for Flow (FLOW)/Bitcoin (BTC). In a separate notice, the company included FLOW and three other tokens on its monitoring tag list.

The tag is featured in tokens exhibiting “notably higher volatility and risks compared to other listed tokens,” the exchange said, noting that tokens with the monitoring tag are at a high risk of no longer meeting listing standards.

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