Binance refutes report alleging company commingled customer funds - The Block

TL;DR

Crypto exchange Binance is pushing back against a Reuters report on Tuesday that alleges the company commingled customer funds with revenue in 2020 and 2021, calling the story "weak. "Binance spokesperson Brad Jaffe told Reuters that the Silvergate Bank accounts were not used to accept user deposits and rather used to facilitate user purchases of crypto. " He didn't explicitly say that the company does not commingle customer funds

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