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Did Binance have secret access to Binance's Silvergate account?

Binance reportedly had secret access to Binance.US’ Silvergate account as recently as 2021. Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions.

Did Binance send $400 million to merit peak?

According to a Feb. 16 Reuters report, an investigation of Binance’s banking records and company messages showed that more than $400 million was sent in a series of transactions in 2021 from an account controlled by Binance.US to trading firm Merit Peak.

Was Binance behind a $400 million transfer from a US account?

An investigative report has suggested that major cryptocurrency exchange Binance was behind the transfer of roughly $400 million in funds from a Binance.US account to a trading firm managed by CEO Changpeng Zhao.

Did Binance move $400 million from Silvergate to Changpeng Zhao?

Please consult our website policy prior to making financial decisions. On Thursday, February 16th, Reuters reported that Binance moved $400 million from the Silvergate account of its US affiliated to a trading firm listing Changpeng Zhao as its manager. According to the same report, Binance called the information “outdated”.

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