Trust Wallet Dispels TWT Binance Delisting Rumors as FUD

Source Beincrypto

The Trust Wallet team addressed rumors circulating on X (formerly Twitter), clarifying that Binance would not delist the TWT token.

TWT is the native token of Trust Wallet, which was initially listed on Binance in January 2021.

Binance Delisting TWT Is False, Trust Wallet team Says

On Monday, social media spread rumors and fake images, claiming that Trust Wallet Token (TWT) faced trouble and Binance planned to delist it. This sparked confusion within the community and triggered a sell-off, causing TWT’s price to drop by 25%, hitting an intra-day low of $0.715.

In response, the Trust Wallet team released a statement on Tuesday, refuting these claims and criticizing the spread of fear, uncertainty, and doubt (FUD). They reassured users that TWT remained uncompromised and condemned the perpetrators for spreading misleading information to the community.

“We’re aware of a series of FUD posts surrounding the Trust Wallet token. Although we are unsure where this FUD originated from or why it was chosen to be circulated, we can confirm that both of the rumors that are being spread — are not true. In one instance, someone had photoshopped an image claiming TWT was being delisted from Binance, misleading a lot of the community. So, to confirm: TWT has not been ‘hacked’. TWT is not being delisted from Binance,” the team wrote.

Read more: Trust Wallet vs. MetaMask: Which Crypto Wallet Is Best?

False claims that Binance owned TWT further fueled the crash. However, Binance does not own TWT but rather supports Trust Wallet, a popular cryptocurrency wallet that enables users to buy, store, exchange, and earn cryptocurrencies.

Trust Wallet promotes itself as a highly secure and trusted wallet, with more than 130 million global users and support for over 70 blockchains and 9 million digital assets. The Trust Wallet team acknowledged the community’s efforts in verifying and debunking the misinformation spread on Monday.

While the recent hacking rumors were false, Trust Wallet has previously dealt with security incidents. In November 2022, a vulnerability in wallet addresses created through a browser extension led to up to $170,000 in losses. In February 2023, another user was affected by a hack, resulting in an estimated $4 million loss.

Read more: What Is WalletConnect? A Guide To the Web3 Communication Protocol

TWT Price PerformanceTWT Price Performance. Source: BeInCrypto

These reports highlight the persistent risks of hacks in the crypto space and underscore the importance of verifying information before reacting to news. According to BeInCrypto data, TWT is currently trading at $0.839, down almost 12% since Tuesday’s session began, though it is attempting to recover from Monday’s losses.

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Gold Price Forecast: XAU/USD gains momentum to near $3,650, eyes on US CPI releaseThe Gold price (XAU/USD) gains momentum to near $3,645 during the early Asian session on Thursday.
Author  FXStreet
Sep 11, Thu
The Gold price (XAU/USD) gains momentum to near $3,645 during the early Asian session on Thursday.
placeholder
What to expect from Ethereum in October 2025With broader sentiment worsening, user demand falling across the Ethereum network, and institutional investors pulling back, the coin faces mounting headwinds in October.
Author  Beincrypto
Sep 30, Tue
With broader sentiment worsening, user demand falling across the Ethereum network, and institutional investors pulling back, the coin faces mounting headwinds in October.
placeholder
Gold hits fresh all-time high on US-China trade tensions and Fed rate cut betsGold (XAU/USD) attracts some follow-through buying for the second straight day and climbs to a fresh all-time peak, around the $4,059-4,060 region during the Asian session on Monday.
Author  FXStreet
Yesterday 05: 37
Gold (XAU/USD) attracts some follow-through buying for the second straight day and climbs to a fresh all-time peak, around the $4,059-4,060 region during the Asian session on Monday.
placeholder
Bitcoin Price Forecast: BTC steadies around $115,000 after rollercoaster weekendInstitutional demand remained strong as ETFs recorded $2.7 billion in weekly inflows and barely moved on Friday despite the crash.
Author  FXStreet
22 hours ago
Institutional demand remained strong as ETFs recorded $2.7 billion in weekly inflows and barely moved on Friday despite the crash.
placeholder
Silver Price edges higher to all-time high above $52.50 as short squeeze deepensSilver price (XAG/USD) attracts some buyers to near $52.60 during the early Asian session on Tuesday.
Author  FXStreet
7 hours ago
Silver price (XAG/USD) attracts some buyers to near $52.60 during the early Asian session on Tuesday.
goTop
quote