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Three main news about Binance from Colin Wu
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Three main news about Binance from Colin Wu

Feb 9, 2024

Colin Wu shared three key pieces of news about Binance, highlighting important platform updates and achievements. In his latest weekly review, he noted that Binance has released its 15th reserves confirmation, totaling $80.19 billion. Special attention is given to the growth of user assets in BTC and Ethereum, which have increased by 3.27% and 4% respectively since the last update. Additionally, there was a noted increase in reserves in the stablecoin USDT by 5.68% over the last 30 days.

In addition to this, Binance is actively combating illicit use of confidential information, implementing strict measures against insider trading. Any employee caught in such actions will be permanently excluded from the company and face legal consequences.

In conclusion, concerns were expressed regarding the sale of KYC data of Binance users on the dark web, allegedly leaked by an unknown hacker. However, Binance management and the security team deny any leaks in the internal system, assuring the reliability of account protection and customer data security.

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