Crypto exchange Binance denies allegations of mismanagement of customers’ funds. Binance’s denial came in response to a Reuters report that alleged that the crypto exchange comingled customer’s funds with company revenue.
The Reuters report alleged that Binance violated United States banking regulations that require client money to be kept separate. The report alleged that the exchange in 2020 and 2021 mixed its corporate revenue with customer funds and that the comingling occurred on a daily basis.