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HomeFinanceBinance denies funds mismanagement claims, calls them 'conspiracy concept'

Binance denies funds mismanagement claims, calls them ‘conspiracy concept’

By Forex Crypto Zone

24 May 2023

Crypto change Binance denies allegations of mismanagement of buyer funds. Binance’s denial got here in response to a Reuters report alleging the crypto change blended buyer funds with firm income.

The Reuters report alleged that Binance violated US banking laws that require buyer cash to be segregated. The report alleged that the change in 2020 and 2021 blended its company revenue with shopper funds and that the blending occurred every day.

Proceed studying on Coin Telegraph

See also 'We needed to change technique,' says SEC chief enforcement officer on latest actions: report

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