It is reported that Binance, the key digital currency exchange, recognized that it incorrectly stored some customer assets in the same wallet with the collateral of some internal structure tokens. After the announcement, Binance gradually transferred these properties to the dedicated collateral wallet.

According to the Bloomberg News Agency on January 24, Binance incorrectly put the collateral of some tokens forged by Binance (or B tokens) into a wallet with customer assets.

On Monday, Binance released the collateral confirmation of token B, bringing information about all 94 tokens issued by Binance. The enterprise previously paid attention to that the B token is always fully collateralized and supported by 1:1 ratio.

According to the confirmation as collateral, Binance has basically reserved 50% of B tokens, which are currently stored in a wallet named "Binance 8". The total number of reserved tokens in the wallet is far higher than the total number of B tokens issued by Binance. It is reported that this indicates that Binance mixed the collateral with the customer's money instead of storing this property independently.

Although only B tokens are involved, such smart wallet management system obviously contradicts Binance's own wallet manual.

According to Binance's PoR web page, the company holdings of the exchange are kept in an independent account and do not form part of the calculation of the PoR. Binance states:

"When a customer deposits a Bitcoin, Binance's reserves can increase by at least one BitBTC to ensure that customer assets are well applied. It should be noted that this does not include the equity held by Binance's enterprises, which is stored in a completely separate ledger."

According to Bloomberg News, Binance recognized that it had improperly mixed B tokens with its own reserves and was making every effort to properly solve the problem.

It is reported that a spokesman for Binance said: "Binance realized that this was incorrect and has transferred these properties to the special collateral wallet.". This means that Binance 8 is a cold wallet of the exchange, and adds that the pledged property has been improperly transferred to the wallet before.

Binance did not immediately respond to CoinTelegram's request for comment.

As mentioned above, Binance launched the PoR step in the middle and late November to gain more trust from the public in the case of the failure of the FTX data encryption exchange. By the beginning of December, the Exchange had strategic cooperation with Mazars accounting firm as its regular PoR certified public accountant.

Shortly after it was determined that Binance's BTC (BTC) was completely pledged, Mazars deleted Binance's PoR financial audit on its platform without any statement.