Wednesday, November 20, 2024
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Binance Refutes Forbes Collateral Report Alleging Exchange Transferred Vast Customer Funds Surreptitiously

Leading exchange Binance claims that the Forbes collateral report relates to its internal wallet management and is thus unfounded. Binance has hit back at the Forbes report that claims it quietly transferred $1.8 billion in client-backing collateral. According to the Forbes report, the prominent crypto exchange moved the stablecoin-backing funds without informing its customers.

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