Currencies35972
Market Cap$ 3.04T+1.74%
24h Spot Volume$ 89.87B-25.7%
DominanceBTC55.13%+0.43%ETH10.83%-0.19%
ETH Gas0.15 Gwei
Cryptorank
/

Forbes Likens Binance to FTX, Argues It Is in an “Existential Crisis”


by CoinEdition

Share:

  • Forbes investigation reveals Binance allegedly controls 76% of BNB supply.
  • Binance likely raised less than $5 million in its ICO versus the $15 million it claimed.
  • Binance and its CEO CZ have yet to respond to the accusations.

The largest crypto exchange, Binance, has come under scrutiny again amid claims that the exchange holds the overwhelming majority of the supply of its native token, BNB.

In a recent tweet, Javier Paz, director of data and analytics at Forbes, claimed to have conducted a six-month-long investigation about Binance operations since its debut. The result of the investigation led to a two-part article titled “How Binance Turned Its Failed Token ICO Into A Billion Dollar Windfall.”

Based on his extensive investigation, Paz concluded that Binance owns an estimated 76% of the total BNB coins in circulation. In the tweet, he tagged prominent Binance critics such as  Adam Cochran.

The post Forbes Likens Binance to FTX, Argues It Is in an “Existential Crisis” appeared first on Coin Edition.

Read the article at CoinEdition

In This News

Coins

$ 820.88

+1.98%

$ 0.00...361


Share:

In This News

Coins

$ 820.88

+1.98%

$ 0.00...361


Share:

Read More

Binance Japan Rolls out Paypay Money for Instant Crypto Trading

Binance Japan Rolls out Paypay Money for Instant Crypto Trading

A broader shift toward integrated digital payments is accelerating in Japan as Binanc...
Revolutionary Binance Alpha SSS Integration Unlocks Early Crypto Opportunities

Revolutionary Binance Alpha SSS Integration Unlocks Early Crypto Opportunities

BitcoinWorld Revolutionary Binance Alpha SSS Integration Unlocks Early Crypto Opport...

Forbes Likens Binance to FTX, Argues It Is in an “Existential Crisis”


by CoinEdition

Share:

  • Forbes investigation reveals Binance allegedly controls 76% of BNB supply.
  • Binance likely raised less than $5 million in its ICO versus the $15 million it claimed.
  • Binance and its CEO CZ have yet to respond to the accusations.

The largest crypto exchange, Binance, has come under scrutiny again amid claims that the exchange holds the overwhelming majority of the supply of its native token, BNB.

In a recent tweet, Javier Paz, director of data and analytics at Forbes, claimed to have conducted a six-month-long investigation about Binance operations since its debut. The result of the investigation led to a two-part article titled “How Binance Turned Its Failed Token ICO Into A Billion Dollar Windfall.”

Based on his extensive investigation, Paz concluded that Binance owns an estimated 76% of the total BNB coins in circulation. In the tweet, he tagged prominent Binance critics such as  Adam Cochran.

The post Forbes Likens Binance to FTX, Argues It Is in an “Existential Crisis” appeared first on Coin Edition.

Read the article at CoinEdition

In This News

Coins

$ 820.88

+1.98%

$ 0.00...361


Share:

In This News

Coins

$ 820.88

+1.98%

$ 0.00...361


Share:

Read More

Binance Japan Rolls out Paypay Money for Instant Crypto Trading

Binance Japan Rolls out Paypay Money for Instant Crypto Trading

A broader shift toward integrated digital payments is accelerating in Japan as Binanc...
Revolutionary Binance Alpha SSS Integration Unlocks Early Crypto Opportunities

Revolutionary Binance Alpha SSS Integration Unlocks Early Crypto Opportunities

BitcoinWorld Revolutionary Binance Alpha SSS Integration Unlocks Early Crypto Opport...