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Cryptocurrency exchange Binance is facing criticism from a co-owner of its U.K. subsidiary for allegedly misrepresenting the shareholder's ownership stake in official The co-owner of a U.K. subsidiary of Binance alleged that the exchange was “grossly inaccurate” in its 2025 financial statements. The directors of Dimplx Limited, which UK subsidiary shareholder of Binance called Dimplx has accused the crypto exchange of misrepresenting the shareholder’s ownership in the official company’s filings. Binance Holdings Ltd, the largest cryptocurrency exchange, has been accused by its joint venture partner of submitting inaccurate accounts for a UK subsidiary, a Binance has been accused by the co-owner of a UK subsidiary of filing a “grossly inaccurate” annual report for one of the British entities associated with the world’s Corporate filings by the co-owner of one of Binance’s U.K. subsidiaries have accused Binance of filing a “grossly inaccurate” annual report with respect to over £97 million The world's largest crypto exchange has been accused of filing a “grossly inaccurate” annual report in 2025 by the co-owner of a Binance UK subsidiary called Dimplx.

Binance Accused of Misfiling Inaccurate Financials: What's Happening in the UK?

Cryptocurrency exchange Binance is facing serious allegations. Corporate filings by the co-owner of one of Binance’s U.K. subsidiaries have accused Binance of filing a “grossly inaccurate” annual report with respect to over £97 million. The world's largest crypto exchange has been accused of filing a “grossly inaccurate” annual report in 2025 by the co-owner of a Binance UK subsidiary called Dimplx.

Details of the Allegations Against Binance

The co-owner of a U.K. subsidiary of Binance alleged that the exchange was “grossly inaccurate” in its 2025 financial statements. Binance Holdings Ltd, the largest cryptocurrency exchange, has been accused by its joint venture partner of submitting inaccurate accounts for a UK subsidiary. This revolves around the reporting of Dimplx Limited's financials. The directors of Dimplx Limited, which UK subsidiary shareholder of Binance called Dimplx, has accused the crypto exchange of misrepresenting the shareholder’s ownership in the official company’s filings.

Dimplx Limited and the Ownership Dispute

Binance has been accused by the co-owner of a UK subsidiary of filing a “grossly inaccurate” annual report for one of the British entities associated with the world’s leading cryptocurrency platform. Specifically, the issue centers on the representation of the shareholder's ownership stake within Dimplx Limited. The co-owner claims Cryptocurrency exchange Binance is facing criticism from a co-owner of its U.K. subsidiary for allegedly misrepresenting the shareholder's ownership stake in official documents. This discrepancy in reported ownership could have significant implications for the company's valuation and control.

What Does This Mean for Binance and the Crypto Market?

These accusations of misfiling inaccurate financials raise serious questions about Binance's transparency and compliance. If proven true, they could lead to regulatory scrutiny, fines, and reputational damage. The outcome of this dispute with Dimplx could impact investor confidence and potentially affect the broader cryptocurrency market.

We will continue to update this story as it develops.

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