EN: Binance.US keeps records of all user funds, which have never left the platform unless withdrawn by the user.

Binance.US stores user funds and only releases them when the user withdraws them.

On June 9th, Binance CEO CZ responded to CoinDesk’s report that “the US SEC says Binance transferred $1.2 billion to an account controlled by the CEO” on his Twitter, stating “this is completely wrong. To my knowledge, the total amount of Binance.US user funds is about $2 billion, which is subject to slight fluctuations in the equivalent dollar amount with changes in cryptocurrency prices and withdrawals due to recent rumors. All user funds are recorded and have never left the Binance.US platform (unless withdrawn by the user themselves).”

Reference: https://twitter.com/cz_binance/status/1666848861497831449?s=20

We will continue to update Blocking; if you have any questions or suggestions, please contact us!

Share:

Was this article helpful?

93 out of 132 found this helpful

Discover more

Blockchain

Hong Kong Cryptocurrency New Policy's One-Year Anniversary A Year of Major Leaps and Key Milestone Review

Over the past year, Hong Kong has made great progress and shown strategic development in virtual asset policies. Sinc...

Blockchain

Discussing the SEC's lawsuit against Binance: Years of regulatory balance disrupted, optimistic about the final outcome

Currently, the SEC and Binance's feud only reflects one fact: the imbalanced "ambiguous" regulatory relationship in t...

Market

FTX Latest Debt and Asset Summary How much money is owed and how much debt can be repaid?

Wu said the author | Cat Brother this issue editor | According to the latest court documents on September 10th, as of...

Blockchain

report! This 14,000-person hacker organization is eyeing the exchange | DVP hackers are coming to an end

According to Baihuhui, in 2018, the economic loss caused by security problems in the digital currency industry was 2....

Blockchain

A picture proves that there are a large number of cleaning transactions on the exchange

In order to more accurately depict trading activity, the "Real 10" indicator only considers the volume of t...

Blockchain

FCoin latest progress: Zhang Jian announces wallet address, defenders confront Zhang Jian's family, Hangzhou police will not file a case

Since last night, a series of incidents have occurred in FCoin. First, Zhang Jian's wife, parents and sister wer...