Reuters hints at ‘dark secrets’ surrounding Binance and its reserves
Reuters refuses to back off from reporting on Binance’s allegedly opaque finances and attempts to skirt regulations.
Cryptocurrency news by Protos · Protos
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Show Notes
Binance CEO Changpeng Zhao (CZ), who has repeatedly promised transparency, reiterated his vow in the wake of the FTX bankruptcy. However, Reuters this week accused Binance of hiding its liabilities and concealing financial details.
Reuters even questioned whether Binance executives have an interest in market-makers that trade against customers of the exchange — as was the case at BitMEX, FTX, and other exchanges sued by the Commodity Futures Trading Commission (CFTC).
The outlet cited a comprehensive review of regulatory filings around the world, including interview requests sent to dozens of regulators.
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