Binance is a crypto exchange that has always been in the news for positive and negative reasons over the last few years. This is because the crypto exchange is popular and the biggest in terms of market cap. However, Binance has refuted a recent claim by Reuters where the news platform mentioned that the exchange had become a hub for criminals. According to the statement, Reuters claimed that criminals of all entities are using the exchange as a habor to move more than $2.3 billion.
In its statement, Binance mentioned that the news was not in the slightest bit the truth as the allegations were unfounded. The crypto exchange also said that rivals peddled such rumors to discredit the excellent work they have been doing in the market. The exchange also urged users to distance themselves from such information as most of it was from unconfirmed data leaked by regulators.
Binance urged users to research any issue and find facts instead of waiting for below-par platforms to report false data. However, binance conceded that centralized exchanges are often unknowingly involved in moving illegal proceeds. The crypto exchange noted that the figure is just a minute, citing an area between 2-5%. The blog also had an email exchange with Reuters before the latter went ahead with publishing the damaging article.
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