Market Cap: $3,243,668,241,616
24h Vol: $147,397,847,100
Cryptocurrencies: 26307
Markets: 103788
Cryptocurrencies: 26307
Markets: 103788
Market Cap: $3,243,668,241,616     
24h Vol: $147,397,847,100
cryptonews 2023-01-25 11:30:00

Binance Crypto Exchange Admits to Mixing Customer Funds with Collateral for Binance-Issued Tokens

Binance Crypto Exchange Admits to Mixing Customer Funds with Collateral for Binance-Issued Tokens
Major crypto exchange Binance kept collateral for some of the cryptoassets it issues in the same wallet as the customer funds by mistake, Bloomberg reported, citing a Binance spokesperson. On Monday, Binance released a proof-of-collateral report for B-Tokens, which are the 94 Binance-minted tokens. The report, however, showed that reserves for nearly 50% of all these coins that Binance issues, were at that point stored in a single wallet called 'Binance 8'. ... Read More: Binance Crypto Exchange Admits to Mixing Customer Funds with Collateral for Binance-Issued Tokens
esptco-banner img
Latest News

Videos

  • Ethereum Classic (ETC): What is Ethereum Classic (ETC)? EXPLAINED!

  • Bitcoin Cash: What is Bitcoin Cash (BCH)? EXPLAINED!

  • A Beginner Guide to Web 3.0: Everything You Need to Know About Web 3.0!

  • Cardano: What is Cardano (ADA)? Explained!

Our Partners

Hashing Ad Space
Inbound Junction
Magic Logix
Asimi
Crypto Marketing Agency, FINPR
Chainwire