Binance Has No Debt And Assets Are Segregated, Report Says
Binance has been under intense scrutiny since it released its proof of reserves about a month ago. The crypto exchange had done so in a bid to assure users that all deposited funds were safe and that it was not going to collapse like FTX.
As the FUD ramped up, more than $6 billion was withdrawn from the exchange in a matter of days. Now, Binance has come forward to address the most pressing questions from the community. Binance said that user assets on the crypto exchange were backed at a 1:1 ratio, which means they would be able to withdraw their coins at any time.
Source
https://t.me/InvestmentTradingUpdates
