is that Binance generates most of the pegged tokens to back tokens that are not native to the platforms. This suggests that the reserve can be readily inflated because there is no obvious distinction between the volume of genuine user assets and the pegged tokens produced by the exchange.
Not for the first time this month will Binance, and its holdings, be in the limelight. To refresh your memory, earlier this month, it was reported thatBinance hinted at it in a blog post, and it received widespread coverage; the exchange blamed a bug for the issue. The article spread fear, uncertainty, and doubt about the cryptocurrency exchange and its native coins. Is history repeating itself here?was trading at roughly $300 as of this writing.
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