Binance Holdings Ltd., the biggest cryptocurrency exchange, acknowledged past flaws in the management of its stablecoin’s reserves which at times led to more than $1 billion in missing collateral, ...

On Tuesday, the world’s largest crypto exchange, Binance, disclosed major flaws in how it historically managed reserves of its BUSD-pegged stablecoin, leaving it facing at least $1 billion in ...

Cryptocurrency exchange Binance admitted that its Binance-peg BUSD stablecoin, which was designed to have a constant $1 value backed by reserves of stablecoin Binance USD (BUSD-USD), was at times not ...

The crypto exchange said there was a “timing mismatch in backing Binance-Peg BUSD with BUSD” that seemingly showed data in which the stablecoin was not fully backed. Major crypto exchange Binance ...

Binance said its BUSD-linked stablecoin hasn't always had the dollar backing needed for its price to stay fixed. The peg for the listed crypto token wore thin due to a "timing mismatch", the exchange ...

Binance acknowledged that its Binance-peg BUSD stablecoin hasn't always been backed fully with reserves, but said it's now fixed the problem, according to a report from Bloomberg. The token was at ...

This meant that over $1 billion worth of tokens called B-peg USDC – digital replicas of dollar-pegged stablecoin USDC – were uncollateralized despite Binance's claim that they were 100% backed. 更新 ...

Along with the BUSD issued by Paxos on the Ethereum blockchain, Binance-Peg BUSD (a wrapped version of BUSD “offered by Binance) extends its supported blockchain networks to include TRON.” You can now ...