Binance denies cash administration fraud allegations as ‘conspiracy principle’

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Cryptocurrency change Binance has denied allegations of fraudulent administration of its prospects’ funds. Binance’s denial got here in response to a Reuters report that the crypto change was mixing buyer funds with the corporate’s earnings.

Reuters report Binance allegedly violated U.S. banking rules that require the segregation of buyer funds. The report argued that the change combined company earnings with buyer funds in 2020 and 2021, and that mix-up occurred routinely.

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