Binance announced it will delist BitShares (BTS), PERL.eco (PERL), Tornado Cash (TORN), and Waltonchain (WTC) from its platform on December 7th. The removal comes due to factors like low trading activity, liquidity concerns, and allegations of misconduct according to Binance.

Following the delisting notice, the affected assets saw significant price drops, with Waltonchain falling 35%, Tornado Cash plunging 40%, and PERL.eco collapsing a whopping 45% over 24 hours.

This move is the latest in a series of changes for Binance, including the recent removal of 10 trading pairs, discontinuing support for its BUSD stablecoin, a $4.3 billion settlement with the US Department of Justice, and the appointment of a new CEO, Richard Teng.

The delisting puts pressure on the long-term viability of the affected projects if they cannot find new exchange partners. However, it may also represent tighter risk controls on the part of Binance as it contends with global regulators. The impacts remain uncertain as the crypto industry continues undergoing rapid evolution.