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Binance's 8 Wallet "error" was there for all to see
Binance, the world's largest crypto exchange, kept coins in a wallet with others that didn't belong there, raising the specter of company and customer assets commingling. The big picture: In the wake of FTX's collapse, in which the commingling of assets appears to have played a role, Binance and its founder Changpeng "CZ" Zhao emphasized the importance of transparency and trust. What's happening: Binance's "8 Wallet" was marked for reserves, to hold the collateral for derivative tokens used on Binance's native blockchain. • Because the wallet held more than was necessary for that collateral, as an analyst and ... (full story)
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- Posted: Jan 25, 2023 3:41pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 198
