Tagged: user funds

British Columbia Securities Commission Claims Fraud was Committed by B.C. Crypto Firm

May 3, 2023 @ 10:19 am By Omar Faridi |

The B.C. Securities Commission recently alleged that a defunct cryptocurrency platform based in Nanaimo on Vancouver Island allegedly carried out a massive securities fraud by intentionally and illegally diverting customer funds to crypto gambling websites. In a notice issued in April 2023, the Commission said… Read More

Read more in: Blockchain & Digital Assets, Canada, Politics, Legal & Regulation | Tagged bitcoin, british columbia, btc, canada, crypto crime, Crypto Transactions, eth, ethereum, ezbtc, securities commission, user funds

Digital Assets: Binance Explains How They Aim to Maintain Transparency on Wallets

November 27, 2022 @ 7:59 pm By Omar Faridi |

Binance‘s management has answered a few follow-up questions from the community about “how funds and wallets are managed at Binance.” Binance explains that it “holds all of its clients’ crypto-assets in segregated accounts which are identified separately from any accounts used to hold crypto-assets belonging… Read More

Read more in: Blockchain & Digital Assets | Tagged binance, cold storage, consumer protection, crypto trading, digital financial services, digital technology, digital wallets, hot wallets, online security, online wallets, proof of reserves, security, user funds, virtual wallets