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Published 2 months ago

Binance Recovers $4.4 Billion in Digital Assets for Users Amid Deposit Errors

Summary by Ground News

In 2022 and 2023, Binance resolved 381,616 cases where users deposited crypto assets that were not credited to their accounts. Binance dropped the Nigerian currency, the naira, from its peer-to-peer (P2P) service. This came a week after Presidential adviser Bayo Onanuga alleged that the crypto exchange had manipulated Nigeria's fiat currency.

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Binance Recovers $4.4 Billion in Digital Assets for Users Amid Deposit Errors

Binance's recovery of mishandled user funds comes after the approval of its guilty plea and a $4.3 billion settlement deal by a US federal judge.

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