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Binance Jumbled Customer Funds with Company Revenue: Report

Binance Jumbled Customer Funds with Company Revenue: Report
Binance, the largest cryptocurrency exchange by trading volume, mixed up customer funds with company revenue between 2020 and 2021, Reuters reports on Tuesday, citing “three sources familiar with the matter.” The act violates the US financial laws that require both funds to be separated, the outlet said.‘Billions of Dollars’ Commingled?A source which had direct knowledge of the crypto exchange’s group finances, told the news agency that Binance blended its earnings with its customer’s money, wit... Read More
Posted: May 23 2023, 22:45
Author Name: financemagnates
Views: 102688

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