ICX, SCRT and STORJ withdrew from Binance for three unrelated reasons

Binance removes the spot trading pairs of ICX, SCRT and STORJ

Binance removed the spot trading pairs of ICX, SCRT and STORJ at 03:00 UTC on September 3, simply because of the regular "regular review" of online assets.

Just two days ago (September 1), Secret Network's own Cosmos chain lost official development support-a cross-chain bridge attack in June that resulted in the theft of $4.67 million. Storj's parent company filed for Chapter 11 bankruptcy protection in West Virginia court on July 27; and ICON's blockchain will stop completely blocking on December 31.

Binance regards ICX, SCRT and STORJ as a routine removal, but the reasons for the delisting of these three tokens are different. What they have in common is just a coincidence of time, and the real ending of each token has almost nothing to do with Binance.

Binance's own announcement did not give specific reasons for any token, but only mentioned "regular review" criteria, including team commitment, development activity, liquidity, cybersecurity, community sentiment, etc. -These criteria apply to almost any small-cap token. The trading prices of all three currencies have fallen more than 98% from historical highs, with ICX hitting a record low of US$0.01529 on the day the news of the removal came out. However, the September 3 deadline set by Binance does not match what actually happens to these tokens at the agreement level, and in two of the three tokens, Binance's removal is not even the first to happen.

The removal comes as Binance takes other measures that affect crypto platforms, including suspending transactions with certain services.

Price performance of ICX, SCRT and STORJ

Secret Network was not "killed" by Binance. After an attack on the Axelar-Secret Cross-Chain Bridge in June resulted in the theft of $4.67 million, the community itself proposed migrating SCRT from the native Cosmos chain to ERC-20 tokens on Arbitrum. The team noted in its proposal that old chains are becoming increasingly vulnerable to breaches because "AI can help attackers read contracts, track assumptions and identify forgotten marginal situations" and emphasized that "in order for SCRT to survive, it needs a stable new home."

A one-time balance snapshot is scheduled for September 1-two days before Binance's removal effective date. After that, Cosms-based SCRT will stop receiving official development support. The migration still requires a governance vote; the team made it clear that "this is a proposal, not a decision."

The actual running time of ICON's chain is longer than what the Binance countdown shows. ICX will be integrated into the new token SODA in a 1:1 ratio, while the project is gradually shutting down its own Layer 1 and building Soda Xchange, a DeFi platform based on the Sonic network. ICON's own governance forum described this as a cost-saving transformation rather than a failure. The team wrote that running a stand-alone blockchain comes with "high direct and indirect costs" and they prefer to "reinvest these costs in the builders." The two-way exchange between ICX and SODA will close on September 30; the ICON chain itself will not stop issuing blocks until December 31-three months after Binance removed the trading pair.

Storj is an exception: the problem is not the chain, but the company behind it. Storj Labs filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Northern District of West Virginia on July 27. Its official blog said the reason was "debt inherited from earlier chapters." The company said the network will continue to operate, services will not be disrupted, and STO RJ holders may gain equity in the restructured business-an arrangement that is not common among token holders in bankruptcy proceedings. STO RJ fell sharply on the day of the bankruptcy filing and is still down about 98% from its all-time high, despite a rebound in trading volume due to the removal this week.

The end of these three tokens does not require Binance to promote. The latest removal comes as Binance more broadly removes other monitored assets, including ACX, HFT, PIVX, PYR, VANRY and VIC. Binance's removal looks more like a formal follow-up than a cause-it just catches up with the process that these projects have already begun. For anyone still holding an ICX, SCRT or STORJ, the really important deadline is not September 3, but which of the three different deadline applies to the tokens in their hands-and none of these dates runs on Binance's clock.