Binance.Us refutes the Reuters report and says that only his managers have access to his bank accounts

Binance.Us refutes the Reuters report and says that only his managers have access to his bank accounts

binance .us refuted an earlier report by Reuters, which said that the international stock exchange allegedly transferred $ 400 million from an account of the American subsidiary.

In an attempt to clarify the situation, Binance said that only managers of the platform would have such access to their bank accounts.

Binance allegedly transferred $ 400 million from Binance.Us

A report published by Reuters on Thursday (February 16, 2023) claimed that banking documents and corporate news revealed that the crypto stock exchange giant binance in the first case over $ 400 million from a binance. Changpeng Zhao, also known as "CZ", as his manager.

binance. However, an explanation has given up via a tweet The report is wrong and out of date without responding to details. While the American subsidiary recognized Merit Peak's existence, the company stated that the market maker stopped working on the platform in 2021. The tweet further emphasized that only managers of the company could access its bank accounts and added:

"Binance. Never has-and will never-act or give customer funds. Binance. Us always maintains 1: 1 reserves and is subject to regular audits and official reporting by state bodies."

The company also said that its management team from former employees of leading US wachs such as the SEC, the Ministry of Justice (DOJ), the Federal Reserve Bank of New York and the Federal Bureau of Investigation (FBI), which ensure compliance with United state laws and regulations.

In the meantime it seemed that people at the top of the affairs of Binance .us did not know about the transfers, as stated in the Reuters report, with news that revealed that the drains were carried out without the knowledge of the executives.

ready for settlement

Binance that has no license for the company in the United States has always said that binance.Us is an independent unit of the international platform. However, while the alleged transfers indicate a mixing of funds, Reuters stated not to be able to determine whether the money in question belonged to Binance.Us.

in particular the Silvergate Bank has recently been in the news and is faced with the bankruptcy of crypto exchange FTX before an official investigation. In February 2022, Merit Peak was reported to be examined by the Securities and Exchange Commission (SEC) for his connections to Binance.

Binance has also been under the radar of the regulatory authorities in recent years, recently granted failures in compliance with legal regulations and is ready to reach an agreement with the US regulatory authorities.

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