The allegations and news about Binance, which received wide coverage in the press last week, do not cease. Reuters, one of the world’s largest news sites, today Binance published another negative news about the stock market. The news source claimed that a very serious investigation has accelerated in the USA regarding the giant stock market, which holds half of the sector in the past days.
Reuters published a report on Binance’s assets and liabilities today. According to the news, former SEC executive John Reed Stark mentioned that the status of the giant stock market is even more opaque than FTX. According to Stark, Binance is not working transparently enough.
According to the analysis of the news source, what is known about Binance is actually quite limited. According to estimates, the amount of cash, profitability and income distribution of the giant stock market, which has a volume of 22 trillion dollars this year, is not known by anyone.
Although the Binance exchange has headquarters in 14 countries, there is no information on how the cash flow between these centers is provided. The researchers concluded that one of the subsidiaries owned by the giant exchange “window decoration” He claimed that he was and that he had almost no activity on his own.
The dark clouds over the largest exchange of the crypto money industry are not dissipating. Many media outlets are voicing that US prosecutors have recently drafted a money laundering indictment against CZ.
As the world’s largest cryptocurrency exchange, Binance is often the target company. Previously, FUD news about Binance had spread to the market and fear was pumped to investors.
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