Binance.US Responds to the Allegations Surfacing from 2021

https://twitter.com/BinanceUS/status/1626370268045225984

There have been many attempts to draw parallels between http://Binance.US and fraudulent exchanges that have gone bankrupt. The real facts speak for themselves: there is no comparison. Our leadership team is staffed with former DOJ, SEC, FBI, and NYFed employees who are committed to operating a platform that is safe and abides by U.S. laws and regulations. While we try to ignore the noise of rumors, speculation, and inaccurate reporting, we want to get a few facts straight:

1. ONLY http://Binance.US employees have access to http://Binance.US bank accounts. Period.

2. While there was a market making firm named Merit Peak that operated on the http://Binance.US platform, it stopped all activity on the platform in 2021.

3. We list our competitive and transparent Market Maker program on our website, which shows that firms fairly compete for rebates.

4. http://Binance.US has never -and will never - trade nor lend out customer funds.

5. http://Binance.US always maintains 1:1 reserves, and are subject to regular audits and regulatory reporting by government entities.