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cryptonews

2023-02-27 18:01:00

Report Claims Binance Commingled User Funds Similar to FTX

Report Claims Binance Commingled User Funds Similar to FTX

A new report claims Binance commingled different investors’ funds last year in a move "eerily" similar to actions by now-defunct cryptocurrency exchange FTX. The world’s largest crypto exchange moved $1.8 billion of collateral set to back its customers’ stablecoins late last year, putting the assets to other undisclosed uses, Forbes reported Monday, noting that the practice was similar to maneuvers by FTX.... Read More: Report Claims Binance Commingled User Funds Similar to FTX

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