Breaking: Binance Commingled User Funds Daily In Silvergate Bank Accounts – Reuters | Coingape

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The world’s largest crypto exchange Binance commingled billions in user funds with its revenue in 2020 and 2021, three sources familiar with the matter. The exchange earlier admitted to mistakenly mixing consumer funds with B-token reserves. The commingling of funds happened almost daily in accounts held at US-based crypto-friendly bank Silvergate Bank. The sums of

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Source: coingape.com

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