2023-10-20 19:15:00

UNI tokens delegation was a misunderstood situation, according to Binances CZ

Cointelegraph

By Ana Paula Pereira

The millions of UNI (UNI) tokens delegated by Binance were a misunderstood situation, said Binance CEO Changpeng CZ Zhao in a Twitter post, in response to questions about 13.2 million UNI tokens delegated on Oct. 18 that made Binance the second-largest entity by voting power in the Uniswap DAO.

According to CZ, a UNI transfer between internal wallets caused the automatic delegation, denying allegations about the crypto exchange using users' tokens to vote.

UNI transferred between internal Binance wallets, causing the UNI to be automatically delegated. This is part of their protocol, not we intended. Binance don't vote with users tokens. Uniswap misunderstood the situation. Tokens come to popular platforms. #Binance https://t.co/KYPqFx5GrW

#ceo #crypto #UNI #delegation #czbinance

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