"Binance has acknowledged a 'clerical error' that means it currently keeps reserves for almost half of its 94 Binance-peg tokens worth over $539 million mixed up with customer funds inside a $16.5 billion exchange wallet." 🏆

https://www.bloomberg.com/news/articles/2023-01-24/binance-bnb-acknowledges-storing-users-crypto-with-reserves-in-error
#Binance #BinanceSmartChain #Stablecoin #Cryptocurrency #ChampionStyle #Cryptocalypse #BNBChain #BNB #BUSD #PAX #USDP #Paxos

Binance Acknowledges Storing User Funds With Collateral in Error

Binance Holdings Ltd., the world’s largest crypto platform, acknowledged that it mistakenly keeps collateral for some of the tokens it issues in the same wallet as exchange customer funds.

Bloomberg