Tag: Forbes
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Binance Denied Forbes Allegation Of Misused Security Deposits!
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The world’s largest crypto exchange by trading volume, Binance, is facing new allegations. Allegedly, Binance moved customer funds that were supposed to be used to secure certain stablecoin deposits. The procedure is “eerily similar to the manoeuvres of FTX,” writes the business magazine “Forbes.” Binance denied the Forbes allegations.
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Breaking! Reuters Report Accuses Binance Of Crime Facilitation!
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Reuters published an interesting report about the world’s largest crypto platform Binance. According to the report, Binance processed transactions totaling at least $2.35 billion stemming from hacks, investment frauds, and illegal drug sales between 2017 and 2021. Allegedly, in 2019 Binance processed criminal funds totaling $770 million.