{"id":139471,"date":"2024-10-12T14:00:53","date_gmt":"2024-10-12T11:00:53","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=139471"},"modified":"2024-10-12T01:30:38","modified_gmt":"2024-10-11T22:30:38","slug":"neiro-cuts-ties-with-controversial-market-maker-amid-community-scrutiny","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/neiro-cuts-ties-with-controversial-market-maker-amid-community-scrutiny\/","title":{"rendered":"Neiro Cuts Ties with Controversial Market Maker Amid Community Scrutiny"},"content":{"rendered":"<p>In its <strong><a href=\"https:\/\/x.com\/zachxbt\/status\/1844731321697857855\" rel=\"nofollow\">statement<\/a><\/strong>, 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.<\/p>\n<p>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.<\/p>\n<p>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.<\/p>\n<p><div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1\">Read More:<\/h5>\n    <a class=\"article row post-139450\" href=\"\" title=\"\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img class=\"image img-defer\" src=\"\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\"><\/h4>\n        <\/div>\n    <\/a>\n<\/div>\n<\/p>\n<p>In response, Neiro\u2019s 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.<\/p>\n<p>Despite acknowledging Gotbit\u2019s controversial standing, the CTO stated that limited funds and urgent timelines dictated their decision to collaborate.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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.<\/p>\n","protected":false},"author":3,"featured_media":139472,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[24],"tags":[],"coin_category":[],"class_list":["post-139471","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Neiro Cuts Ties with Controversial Market Maker Amid Community Scrutiny<\/title>\n<meta name=\"description\" content=\"Neiro, a memecoin project previously linked to market maker Gotbit, has announced it is severing ties with the firm amid growing criticism...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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