CoinDesk Podcasts

The Breakdown With NLW Episode

Commingling Customer Funds? Binance Under Scrutiny for B-Token Wallet

Bloomberg reported this week that a Binance wallet balance suggested customer funds were mixed with B-Token reserves....
The Breakdown With NLW Episode
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On today’s episode, NLW catches up on the continued fallout of Crypto 2022, including:

  • Scrutiny around wallet balances that suggest Binance has had commingled user funds and company reserves around B-tokens
  • The latest from the FTX bankruptcy, including accidental revelations around BlockFi
  • A Celsius Network proposal for an asset-recovery token

See also: Binance USD Stablecoin Sees $2B Reduction in a Month Amid Token Mismanagement


“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsor today is “Swoon” by Falls. Image credit: Antonio Masiello/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

Commingling Customer Funds? Binance Under Scrutiny for B-Token Wallet