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Binance Is Accused of Misrepresenting the Shareholdings of a UK Joint Venture Partner

In the Dimplx annual report, the directors alleged the audited Binance Digital financial statements for the period ending on Dec. 30, 2020, were inaccurate and incorrectly recorded the share capital allotted to Dimplx. Amended financial statements for the same period filed on April 14, 2022, “remain unreliable for the purposes of determining the present fair value of Dimplx Limited’s shareholding in Binance Digital,” the report said.

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