Binance, the world’s largest crypto exchange by trading volume, mistakenly kept collateral for some of the crypto assets it issues in the same wallet as funds belonging to its customers, Bloomberg reported, citing an unidentified Binance spokesperson.cold wallet
“Collateral assets have previously been moved into this wallet in error and referenced accordingly on thepage,” the spokesperson told Bloomberg. “Binance is aware of this mistake and is in the process of transferring these assets to dedicated collateral wallets.” Assets held with the exchange “have been and continue to be backed 1:1,” the spokesperson said.
“In essence this means that there is no segregation of assets between clients' funds and any collateral used,” Kssis said. “This could lead to the owner not being able to withdraw due to lack of funds or liquidity by the exchange.”
binance LedesmaLyllah hellspawncrypto any comment?
binance LedesmaLyllah Is this also called mixer?
binance LedesmaLyllah You're done, CZ. I've been telling everybody about this 🇨🇳🤡⚠️
binance LedesmaLyllah
mad_etf binance LedesmaLyllah Mistakenly my A$$… They just got caught!
binance LedesmaLyllah Fudders be fudding. binance keeps it cool.
binance LedesmaLyllah * This could resonate like what FTX and Alameda did on a daily basis*. Really they really wanna bring it down to like Scam Sam and his gf just like that. Well well well.
binance LedesmaLyllah 43 mio from doing its job. 🤡
binance LedesmaLyllah Lol, this is just ridiculous 🤣😂🤡🤡🤡
binance LedesmaLyllah Coindesk is really anti Chinese and anti binance at best. I don’t know their standard but it’s just unfair to Chinese Canadian people in such a way.
binance LedesmaLyllah You’re becoming annoying
binance LedesmaLyllah Aaaah, your corrupted parent company going bankrupt so you feel the need to push down other crypto exchanges/companies. Classy!
binance LedesmaLyllah FUDing much? You have been going after Binance for months! This is not new
binance LedesmaLyllah The binance fud is incredible. Jeez
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