Bitget App
Trade smarter
Open
HomepageSign up
Bitget>
News>
Neiro Cuts Ties with Controversial Market Maker Amid Community Scrutiny

Neiro Cuts Ties with Controversial Market Maker Amid Community Scrutiny

Cryptodnes2024/10/12 13:06
By: Cryptodnes
MKR0.00%NEIROCTO+0.24%

Neiro, a memecoin project previously linked to market maker Gotbit, has announced it is severing ties with the firm amid growing criticism from the crypto community, particularly from prominent investigator ZachXBT.

In its statement , Neiro clarified that the issues surrounding Gotbit do not pertain to its own operations. The project emphasized that distancing itself was a necessary step. To facilitate this separation, Neiro has transferred some funds back to its community multisig wallet.

Meanwhile, the Chief Technology Officer (CTO) plans to use personal finances temporarily to keep market-making activities afloat, as the team seeks reputable market makers for a smooth transition.

ZachXBT questioned the initial choice to partner with Gotbit, noting its poor reputation and recent accusations of fraud and market manipulation from U.S. authorities.

READ MORE:
Millennials Embrace Crypto as Key Investment Strategy, Says Charles Schwab

In response, Neiro’s CTO explained that the decision was made under pressure, as they needed a market maker quickly for their listing on HTX. He admitted that Gotbit was the only option available at the time, citing budget constraints and prior connections as factors influencing their choice.

Despite acknowledging Gotbit’s controversial standing, the CTO stated that limited funds and urgent timelines dictated their decision to collaborate.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

CandyBomb x 2Z: Trade to share 5,175,000 2Z!
Bitget Announcement2025/10/02 08:00

Trending news

More
1
CandyBomb x 2Z: Trade to share 5,175,000 2Z!
2
[Initial Listing] Bitget Will List DoubleZero (2Z) in the Innovation and Public Chain Zone

Crypto prices

More
Bitcoin
Bitcoin
BTC
$122,606.16
+0.38%
Ethereum
Ethereum
ETH
$4,496.05
+0.15%
XRP
XRP
XRP
$2.97
+0.54%
Tether USDt
Tether USDt
USDT
$1
-0.01%
BNB
BNB
BNB
$1,157.28
+0.72%
Solana
Solana
SOL
$227.87
+0.01%
USDC
USDC
USDC
$0.9997
+0.01%
Dogecoin
Dogecoin
DOGE
$0.2517
+0.79%
TRON
TRON
TRX
$0.3417
+0.23%
Cardano
Cardano
ADA
$0.8341
-0.73%
How to sell PI
Bitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now
Trade smarter