Colin Wu Reveals 3 Major Updates on Binance

Colin Wu, a prominent researcher from China, has shared the latest developments surrounding Binance, one of the leading cryptocurrency exchanges. According to Wu's report, Binance has released its 15th reserve confirmation, indicating a total reserve of $80.19 billion in digital assets. User assets in Bitcoin (BTC) have surged to 594,000 coins, marking a 3.27% increase since the last update on January 1, 2024. Ethereum (ETH) holdings have also risen to 4.16 million coins, showing a 4% growth, with an addition of 160,000 ETH.

In a recent statement titled "Insider Trading Policy Notice," Binance's management outlined stringent measures against unauthorized use of confidential information or any misconduct. The company pledges to blacklist any employee found guilty of such actions, leading to termination and potential legal consequences. Binance emphasizes collaboration with law enforcement to combat criminal activities effectively.

There are allegations circulating in the dark web that Know Your Customer (KYC) data of Binance users has been compromised and possibly sold by an unidentified hacker. However, Binance's security team denies any internal system breach, assuring users of the safety of their accounts and personal information. The platform remains committed to upholding security standards and protecting client data from unauthorized access or leaks.