Binance reacts to Reuters claims about the mixing of user money
Binance reacts to Reuters claims about the mixing of user money
A Reuters report on Tuesday indicated that Binance-the world's largest cryptocurrency exchange-mixed up to several billion dollars with his company income in the years 2020 and 2021 and thus wore the whereabouts of her money.
Patrick Hillmann, Chief Communications Officer from Binance, replied by describing history as "weak" and xenophobic, but admitted that Binance had had "regulatory defects" in the past.
claims by Reuters
The first Reuters report quoted several anonymous sources that were familiar with the matter, of which a "direct knowledge of the bony group" was familiar.
The source claimed that it "almost daily" came to confusion on accounts, the Binance at Silvergate-a crypto-supporting bank examined
Binance said Reuters that the funds on his Silvergate accounts were not "customer deposits", but funds that were used for the purchase of bus, binances native, linked to the dollar.
However, in the course of 2021 dollar transfer on its platform, the website of the stock exchange presented their platform as "insoles", which would be "credited" to their accounts as a busd, which led to potential confusion about the regulatory protective measures in connection with these transfers.
Paxos-the issuer behind Busd-was forced stop out to out New StableCoin token in February Had received US supervisory authorities.
Binance's answer
The communication officer also pointed out one of the qualifying statements by Reuters that "no evidence of this" had found that Binance customers had lost money, which he regarded as "a transparent attempt to protect himself from a defamation".
"We have shown very publicly where the company had regulatory defects in the past. There is no reason for a respected news agency like Reuters to continue to invent things," he said.
Hillman continued to accuse Reuters' enemy of xenophobia "because the company often mentioned the Chinese ethnicity of CEO Changpeng Zhao. The executive has clarified in the past that Binance was not a Chinese company and that it has been Canadian citizen since the age of 12.
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