EN: Binance.US keeps records of all user funds, which have never left the platform unless withdrawn by the user.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 All user funds are recorded and have never left the Binance.US platform (unless withdrawn by the user themselves).”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

OK Jumpstart and then the exchange "new hot" rules are too complicated for users to "do not understand"?

This afternoon, the digital asset exchange OKEx officially announced the sales rules of OK Jumpstart. The rule shows ...

Market

Semafor The US Department of Justice is considering fraud charges against Binance, but is concerned about a FTX-style run in the market.

Insiders say that federal prosecutors are concerned that if they were to prosecute Binance, it could lead to a run on...

Blockchain

Who is the information of the user who sells the coin? What have the leaked information been taken?

While enjoying the convenience of the Internet, it also makes privacy data a step closer to streaking. Recently, many...

Blockchain

Latest updates on regulatory events: CZ releases internal memo, Gensler criticizes two exchanges again.

According to Gensler, his agency has obtained internal communications that allegedly indicate intentional illegal beh...

Blockchain

Research Firm Elliptic Uncovers Links between FTX Hack and Russian Attackers

New research from blockchain intelligence firm Elliptic suggests a possible connection between the FTX hacking incide...

Opinion

OPNX Development History Tokens soar by a hundredfold, becoming a leading bankruptcy concept?

OPNX is the most comprehensive and complete in terms of product conception in the debt trading field, but from the pe...