One of the most read business publications in the world forbesin a research article written on the website today Binance made very critical claims about the stock market.
on-chain The Forbes team, which examined the data and researched about the cryptocurrency exchange, claimed that the 1.78 billion dollars that users entrusted to Binance were transferred to hedge funds. Binance allegedly did not reduce the supply with this move. B-USDC empties his collateral.
It’s easy to make up the rules as you go when you’re the world’s largest crypto exchange in a largely unregulated market. Binance transferred $1.8 billion in stablecoin collateral to hedge funds, leaving other investors exposed: by @eltrade @Steven_Ehrlich https://t.co/eQGnlF0hai
— Forbes Crypto (@ForbesCrypto) February 27, 2023
Binance has not yet made a statement on the subject.
The news of the research published on the website of the famous business magazine has not spread to a wide audience for now. However, the majority of crypto investors who read the news reacted on Twitter. Crypto-lovers claimed that the news was unfounded and was deliberately broadcast to intimidate the market.
Because the atmosphere of fear that is trying to spread through Binance is a known fact. With the unfounded news made on Binance many times before, it was desired to manipulate the market.
On the other hand, the giant crypto exchange, associated with it BNB is launching the B-peg token to facilitate the use of other tokens on its chain. Binance makes it a requirement to provide 100% collateral for peg tokens. For example, if 100 units of B-ETH are in the market, there must be 100 Ethereum in the vault.
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