ReportedreservesStatement 471
$165 billion in exchange reserves. Those reserves include assets backing customer balances.
Cointelegraph reported Binance's exchange reserves as $165 billion, including assets backing customer balances.
This line is our short summary of the quote below. The quote is the evidence.
Flagged as conflicting
- Cointelegraph reports Binance holds $134 billion in total assets in one article and cites $165 billion in exchange reserves in another. The BBC reports Binance said in 2024 it had more than $160bn in custody. The measures and dates are not stated. Compare with Cointelegraph reported that Binance ranks as the largest exchange by reserves with $134 billion in total assets. (Cointelegraph). Side by side
Cited in theories
- Questions raised about Binance's coverage of the loss: Evidence against. Reserves cited at $165 billion.
Other statements from the same source
ReportedreservesStatement 915
Cointelegraph reported that CertiK CEO Ronghui Gu said the estimated gap represented about 1.3% of Binance's reported $165 billion in exchange reserves.
Gu said the estimated gap represented about 1.3% of Binance’s reported $165 billion in exchange reserves.
ReportedreservesStatement 363
Cointelegraph quoted a Binance spokesperson as saying the $5 billion is held in the exact token assets required and is in Binance custody.
“The $5 billion is held in the exact token assets that are required. These assets are in Binance custody,” a Binance spokesperson told Cointelegraph.
ReportedreservesStatement 362
Cointelegraph reported that the speaker said Gulf, Binance's partner in Thailand, had offered financial support.
he said Gulf, Binance’s partner in Thailand, had offered financial support.
ReportedreservesStatement 361
Cointelegraph reported that the speaker said the exchange's revenue for the year was sufficient to cover the hack losses and that the company did not need to sell its stake in SpaceX.
that the exchange’s revenue for the year was sufficient to cover the hack losses and that the company did not need to sell its stake in SpaceX.
ReportedreservesStatement 359
Cointelegraph reported that CertiK said it needed more information from Binance to assess whether the claimed $5 billion in matching tokens could be independently verified on-chain.
CertiK told Cointelegraph that it needed more information from Binance to assess whether the claimed $5 billion in tokens matching those stolen could be independently verified on-chain.