Bitcoin slid under the $27,000 level early Wednesday, leading a broad decline in major cryptocurrencies as markets reacted to poor U.K. inflation figures. LedesmaLyllah writes in First Mover Americas
from Tuesday that said the crypto exchange commingled customer funds with company revenue.
The report, citing unnamed"former insiders," said the funds in question"ran into billions of dollars" and that"commingling happened almost daily" in accounts the exchange had at. Reuters noted that it did not find evidence that clients' funds were lost or taken. Binance took major exception with the Reuters story, with the exchange's Chief Communications Officer Patrick Hillmann calling it"weak" and full of"conspiracy theories.
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