Binance Blasts Reuters Report: No Mixing of Customer & Company Funds

Binance is pushing back against a Reuters report that said the world’s largest cryptocurrency exchange commingled customer funds with company revenue in 2025. The crypto giant vehemently denies the allegations, arguing the report contains inaccuracies and misrepresents their financial practices.

Reuters Alleges Commingling of Funds

The Reuters, citing unnamed sources, reported that Binance commingled billions of dollars almost daily in accounts the company held at Silvergate Bank, the now defunct financial institution. This supposed explosive expose from Reuters alleged it commingled funds. According to the report, Binance mixed customer funds with company revenue in 20, potentially in violation of U.S. law.

Binance Denies Allegations of Fund Mismanagement

Binance is firing back at a report from Reuters on Tuesday. The report alleges that Binance exchange mixed customer funds with company revenue. The report cites unnamed sources, but Binance maintains that these allegations are false and misleading.

Binance's Response to the Reuters Report

Binance, the world's largest centralized cryptocurrency exchange platform by trading volume, slammed the report. Binance insists it maintains strict protocols to ensure the segregation of customer and company funds. They state unequivocally that they have not mixed customer funds with company revenue.

Binance, the largest cryptocurrency exchange by trading volume, mixed up customer funds with company revenue between 20, Reuters reported on. However, Binance insists that the Reuters report misrepresents the facts. The exchange is prepared to address any specific concerns regulators might have, emphasizing its commitment to transparency and regulatory compliance.