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Tornado Cash’s token TORN plunges 45% following Binance delisting

Binance will delist Tornado Cash’s native token TORN on Dec. 7, 2023, as part of its review process. Crypto exchange Binance will cease support for deposits and withdrawals of TORN, a native token for crypto mixing service Tornado Cash, which was sanctioned in August 2022. In a blog announcement on Monday, Nov. 27, 2023, the exchange said it will delist TORN as well as BitShares (BTS), PERL.eco (PERL) and Waltonchain (WTC) on Dec. 7, 2023 at 03:00 (UTC). After the deadline, Binance will stop accepting deposits with the tokens. While the reason for the move is not clear, Binance said the tokens no longer meet its standard.


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