TechFlow news, according to Bloomberg, in response to questions about recent fund outflows and concerns over transparency, a Binance spokesperson told Bloomberg via email, "People deposit and withdraw assets every day for various different reasons. Binance user assets are fully backed 1:1, and Binance's capital structure is debt-free. Binance guarantees hot wallet balances to ensure there is always sufficient funds to meet withdrawal requests. Binance is working with Mazars, sharing all relevant financial information so they can verify the accuracy of all data we share and Binance's data extraction processes. Binance is working hard to release reserve details for more tokens as soon as possible."Original link
Add to Favorites
Share to Social Media
