#Binance acknowledged that it mistakenly keeps collateral for | Viral

#Binance acknowledged that it mistakenly keeps collateral for some of the tokens it issues in the same wallet as exchange-customer funds.

Reserves for almost half of the 94 coins that Binance issues, known as B-Tokens, are currently stored in a single wallet called “Binance 8” which also holds customer assets.

The #wallet contains significantly more tokens in reserve than would be required for the amount of B-Tokens that Binance has issued, indicating that collateral is being mixed with customers’ coins rather than being stored separately.