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Forbes has accused There are many cryptocurrency exchanges and wallets that provide great features for trading and investment, but one of the main platforms is Binance. Forbes has accused There are many cryptocurrency exchanges and wallets that provide great features for trade and investment.Know more of the “backroom maneuver,” claiming the exchange transferred $1.78 billion in stablecoinStablecoins are a class of cryptocurrency that aims to provide price stability. It was set up by changpeng zhao, a proponent that has developed a number of different investment instruments, the platform has... read more about the "behind the scenes maneuver", claiming that the exchange transferred 1.78 billion dollars in stablecoins stablecoins are a cryptocurrency class which aims to provide price stability. One perceived inconvenience of cryptocurrency is price volatility. Stablecoins were designed to address this issue,...Know more to hedge funds.
Stablesoines have been designed to solve this problem, [...] learn more about hedge funds. The article reveals that the Changpeng Zhao-led exchange completely emptied its collateral for B-peg USDC without reducing its supply.
The article reveals that the changpeng zhao-led swap has completely drained its warranty for b-peg usdc without reducing its offer.
But, suspects in the community refrain from spreading fear, uncertainty and doubt (fud) against the binary. Who is paying you?
— Bull Vibes (@BullVibes) February 27, 2023
Binance Breaking its own Rules?
Who pays you – Bubbles February 27, 2023Financer breaks its own rules? BINANCE emits a b token to make it easier to use other blockchain tokens in the bnb channel. The swap is expected to emit b-token only after 100% collateral storage of the original token.
However, the exchange broke its rules on Aug. 17, withdrawing $3.63 billion from its peg If you've invested in Cryptocurrency, there's one thing you're always going to need — A safe, reliable Crypto wallet to store your assets in. For instance, for 100 B-USDC, there must be 100 USDC in warranty.Know more to the “Binance 8” cold wallet. It then returned $1.85 billion to the peg wallet but transferred the remaining $1.78 billion to a Binance 14 cold wallet. Later, the exchange distributed the funds to a trading firm, Cumberland, Amber Group, Alameda Research, and founder Justin Sun.
A Binance spokesperson clarified in Jan. The scholarship later distributed the funds to a trading company, cumberland, amber group, alameda research, and founder justin sun.: The spokesman for Forbesa Binance was clarified last January. Funds were transferred in error to empty portfolios.
B-USDC had Zero Collateral for Four Months
When Binance withdrew $1.78 billion USDC on Aug. 17, it did not decrease the supply of the B-USDC. B-usdc had no guarantees for four months when binance took out $1.78 billion usdc on August. 17, it did not lower b-usdc's supply.
The warranty dropped to zero, and the trade didn't fix it for four months. Source: the article also indicates that b-usdc has been in deficit of more than 1 billion dollars three times.
Forbes believes that binance misuses client funds, like the failed swap ftx.
Forbes thinks that Binance misuses client funds, such as FTX. Last year, crypto lawyer Irina Heaver tweeted that Forbes is reporting “lies and misinformation.” Also, Zhao sued Forbes for defamation and later dropped the case in 2020.
Last year, crypto attorney Irina Heaver tweeted that Forbes reported "lies and misinformation." Zhao also prosecuted Forbes for libel and later abandoned the case in 2020. Write to us or join the discussion on our Telegram channel. You can also catch us on FacebookTwitter
