Kripto razmjena koju Binance ima priznat that it failed to keep backing for dozens of tokens issued on Binance Smart Chain separate, and instead commingled it with customer funds.
On Binance Smart Chain, 94 tokens issued by the exchange are pegged to other cryptocurrency assets. The backing for dozens of these “B-tokens” was stored commingled in an exchange cold wallet, rather than kept separate.
Binance told Bloomberg these “historical operational oversights” are in the process of being resolved, and further, that it always had adequate assets in reserve to cover the issued tokens. Earlier this month, it was reported that Binance’s stablecoin BUSD wasn’t adequately backed for extended periods.