Binance Admits To ‘Mistake’ of Storing Its Users’ Crypto Assets Inside Collateral Wallet: Report

Binance Admits To ‘Mistake’ of Storing Its Users’ Crypto Assets Inside Collateral Wallet: Report


The Daily Hodl
2023-01-24 19:41:06

The world’s largest crypto exchange by volume is publicly addressing what it says is a mistake in handling customer assets. According to a new Bloomberg report, Binance said it mistakenly kept collateral for Binance-issued tokens alongside customer funds in the same wallet. Binance keeps reserves for tokens it issues, called Binance-peg tokens (B-tokens), in a digital The post Binance Admits To ‘Mistake’ of Storing Its Users’ Crypto Assets Inside Collateral Wallet: Report appeared first on The Daily Hodl .