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Pond0x DEX claims $100M in trading volume as critics allege it’s a scam

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Pond0x reported that its DEX reached $100 million in cumulative volume, citing a Dune dashboard as evidence. The Pond0X decentralized exchange (DEX) has reached more than $100 million in total trading volume, according to a September 28 social media post from its official channel. Investors previously lost over $2 million in the launch of the exchange’s native token, PNDX, when the coin turned out to have a transfer function that allowed anyone to transfer it without the owner's permission. But supporters claim these losses were not the fault of the developer. $108,000,000 Trade Volume And counting. What comes next…? pic.twitter.com/lpetFqJAkq — Pond Coin (@Pond0x) September 28, 2023 As evidence for Pond0X DEX’s trading volume , the official channel cited a Dune dashboard created by user mogie, which shows over $111 million in all-time trading volume as of September 29. Total volume metric for Pond0X. Source: @mogie Dune channel The PNDX token launched on July 28. At the tim...

Binance claims to operate in 100+ countries but only discloses 45

Binance is apparently in the process of selling its business unit in Russia to a newly set up entity called CommEX — a process that could take up to a year. In the press release announcing this decision, Noah Perlman, chief compliance officer for Binance, stated that the company intends to “focus our energy on the 100+ other countries in which we operate.” This is a claim that Binance makes in other places as well, for example, on the ‘Countries and Regions‘ page on its website.  Confusingly, the page in question doesn’t list ‘100+ countries,’ only 45. It also continues to list Russia, despite the advertised sale, and separates Ukraine into two separate countries: one ‘Russian’ and one ‘Ukranian.’ The list of 45 names also considers Europe a nation. The list also features countries where Binance’s activities have recently come under greater scrutiny, such as France , where its offices were reportedly rai...