Binance Faces Allegations of Mixing Customer Funds with Company Revenue
Binance faces allegations of mixing customer funds with company revenue. Here is what Binance had to say about the allegations.
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Binance faces allegations of mixing customer funds with company revenue. Here is what Binance had to say about the allegations.
The latest price moves in crypto markets in context for May 24, 2023.
"We’ve addressed this on multiple occasions. We keep our user and corporate funds on completely separate ledgers," Patrick Hillmann, Binance's chief communications officer tweeted on Tuesday, though he did not outright deny the report's claims.
Crypto exchange Binance is pushing back against a Reuters report on Tuesday that alleges the company commingled customer funds with revenue in 2020 and 2021,…
Binance, the world’s largest cryptocurrency exchange by trading volume, is staunchly denying allegations made that it commingled customer funds with its own…