Changpeng Zhao, the founder of Binance, criticized the token listing process as flawed due to a rapid four-hour notice period causing price instability on decentralized exchanges. He stated, ‘As an observer, I think the Binance listing process is a bit broken.’

Zhao’s comments were particularly in reference to TST, a memecoin that gained attention after a Binance tutorial. He clarified that he does not endorse TST and is not involved in its listing decisions.