{"id":170034,"date":"2023-01-24T15:27:19","date_gmt":"2023-01-24T15:27:19","guid":{"rendered":"https:\/\/precoinnews.com\/?p=170034"},"modified":"2023-01-24T15:27:19","modified_gmt":"2023-01-24T15:27:19","slug":"binance-handled-346m-in-bitcoin-transactions-for-russian-exchange-bitzlato-reuters","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/bitcoin\/binance-handled-346m-in-bitcoin-transactions-for-russian-exchange-bitzlato-reuters\/","title":{"rendered":"Binance Handled $346M In Bitcoin Transactions For Russian Exchange Bitzlato: Reuters"},"content":{"rendered":"<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/07\/Binance-Served-E3.3-million-Fine-By-Dutch-Central-Bank-Crypto-License-Assessment-Underway-To-Remedy-Violations.jpg\"><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2023\/01\/BTCUSDT_2023-01-24_16-02-40.png\"><\/p>\n<h2>Binance Confirms Error Involving B-Tokens And Customer Asset Storage<\/h2>\n<p>A Bloomberg report said that crypto\u2019s largest centralized exchange erroneously stored customer funds and token collateral in the same wallet. The leading exchange kept collateral for tokens issued on its Binance Smart Chain or BNB Chain network and user assets in a \u201csingle wallet called Binance 8\u201d.<\/p>\n<p>It\u2019s unclear when CZ\u2019s company spotted the issue but the juggernaut crypto platform is already working to resolve the matter, per the report.\u00a0<\/p>\n<p>Binance 8 is an exchange cold wallet. Collateral assets have previously been moved into this wallet in error and referenced accordingly on the B-Token Proof of Collateral page. Binance is aware of this mistake and is in the process of transferring these assets to dedicated collateral wallets.<\/p>\n<p>Source: <a href=\"https:\/\/en.ethereumworldnews.com\/binance-bitcoin-transactions-bitzlato\/\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Binance Confirms Error Involving B-Tokens And Customer<\/p>\n","protected":false},"author":3,"featured_media":170033,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[47],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Binance Handled $346M In Bitcoin Transactions For Russian Exchange Bitzlato: Reuters - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/bitcoin\/binance-handled-346m-in-bitcoin-transactions-for-russian-exchange-bitzlato-reuters\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Binance Handled $346M In Bitcoin Transactions For Russian Exchange Bitzlato: Reuters - 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