WSJ post questioned Binance reserves raising FUD

Wall Street Journal vs Binance

About the News

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What does the article say?

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The gap in funds

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Response from Binance

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FUD after FTX collapse

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We're on You Tube

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Wall Street Journal vs Binance

Wall Street Journal vs Binance

About the News

About the News

Recent article released by WSJ has stirred the twitter platform, raising concerns over Binance's financial health after FTX collapse

What does the article say?

What does the article say?

Acc. to reports, Binance didn't meet 1:1 ratio of reserves to customer funds. The news is alarming and raised FUD like FTX

The gap in funds

The gap in funds

Liabilities at $9.68 billion while assets at $9.43 billion. A gap of $245 million calculated by WSJ.

Response from Binance

Response from Binance

Binance spokesperson Jessica Jung said the difference was made up of BTC loans given to customers through the Binance loan program.

FUD after FTX collapse

FUD after FTX collapse

Crypto believers called the news FUD after FTX collapse. A sure way to tarnish the image of the industry.

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2..CNHT on Tron

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3..Nigeria CBDC push

We're on You Tube

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