Binance denies fund mismanagement allegations, calls it ‘conspiracy concept’

Crypto alternate Binance denies allegations of mismanagement of consumers’ funds. Binance’s denial got here in response to a Reuters report that alleged that the crypto alternate comingled buyer’s funds with firm income.

The Reuters report alleged that Binance violated United States banking rules that require shopper cash to be stored separate. The report alleged that the alternate in 2020 and 2021 combined its company income with buyer funds and that the comingling occurred each day.

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