Crypto giant Binance moved $400 million from U.S. partner to firm managed by CEO Zhao

Reuters

Center

High Factuality

Private Equity: The Woodbridge Company

Crypto giant Binance moved $400 million from U.S. partner to firm managed by CEO Zhao

Global cryptocurrency exchange Binance had secret access to a bank account belonging to its purportedly independent U.S. partner and transferred large sums of money from the account to a trading firm managed by Binance CEO Changpeng Zhao, banking records and company messages show.

South China Morning Post

Center

Mixed Factuality

Corporation: Alibaba Group

Binance moved US$400 million from US to firm managed by CEO Changpeng Zhao

The transfer came from a Binance.US account over the first three months of 2021, raising questions about its relationship with the global exchange from which it is supposed to be independent.

CNBC

Center

Mixed Factuality

Individual: Roberts Family

Crypto giant Binance moved $400 million from U.S. partner to firm managed by CEO Zhao

National Post

Lean Right

High Factuality

Individual: Leon Cooperman

Corporation: Allianz

Crypto giant Binance moved $400 million from U.S. partner to firm managed by CEO Zhao

Global cryptocurrency exchange Binance had secret access to a bank account belonging to its purportedly independent U.S. partner and transferred large sums of…

OAN

Right

Low Factuality

Independent: Herring Networks

Crypto giant Binance moved $400 million from U.S. partner to firm managed by CEO Zhao

By Angus Berwick and Tom Wilson (Reuters) - Global cryptocurrency exchange Binance had secret access to a bank account belonging to its purportedly independent U.S. partner and transferred large sums of money from the account