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A Delaware corporation Centra Tech which is headquarted in Miami beach, Florida. It offers blockchain products such as wallet to store digital asset, prepaid card to spend the digital asset, etc.

Sam sharma and Robert Farkas are the co-founders of centra tech which is responsible for CTR token. The two have been charged for running a scam in the disguise of an initial coin offerings (ICO) by Security and Exchange Commission (SEC) in the united states. Hence gets delisted from binance.

SEC stated that the two were offering and selling ICO without being registered. And this was used to raise in excess of $32 million.

After they were charged by SEC various cryptocurrency exchanges around the globe including binance started delisting CTR coin from their platform.

The statement about this decision of binance came through their website. The statement said “after proactively reaching out to centra tech team to address our concerns and conducting thorough reviews of our findings, we have decided to delist the CTR token and the CTR/BTC, CTR/ETH trading pairs from the binance exchange. We will delist the CTR token on 2018/04/08 at 05:00(UTC). Withdrawals of CTR tokens from binance will continue to be supported until 02:00 (UTC) on 2018/05/05.”

The statement about this decision of binance came through their website. The statement said “after proactively reaching out to centra tech team to address our concerns and conducting thorough reviews of our findings, we have decided to delist the CTR token and the CTR/BTC, CTR/ETH trading pairs from the binance.com exchange. We will delist the CTR token on 2018/04/08 at 05:00(UTC). Withdrawals of CTR tokens from binance will continue to be supported until 02:00 (UTC) on 2018/05/05.”

With this the exchanges that are still offering CTR token are reporting close to zero volume.

Although centra token was trying to keep up with the competition by realising their own crypto wallet, though it was a beta version.

Apart from this delisting binance customers were facing various issues regarding login error for which binance came out and apologized and fixed the problem. And gave an official tweet by saying “login issue is now resolved. If you repeatedly attempted to log in previously, you may still experience some issues; please create a support ticket if this is the case. Thank you for your understanding and support.

Other than this their crypto exchange tends to have a bug every time, something that sends the market into panic even when it is something that is not serious.

Hence the step taken by binance to delist crypto after it was charged by SEC for scamming can be seen a step towards the goodwill of the society. But the question arises that whether the market is ready for the strongest digital tokens?