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Benzinga
Benzinga
Business
Murtuza Merchant

CZ Slams Reports Binance's Reserves Are Full Of Its Own Tokens: 'Numbers Are All Wrong'

Binance CZ Changpeng Zhao FTX Justin Sun Cryptocurrency Nansen Sam Bankman-Fried Bitcoin Crypto

Binance CEO Changpeng Zhao on Friday came down heavily on a report the cryptocurrency exchange holds $74.6 billion in tokens, out of which nearly 40% are its own stablecoin BUSD (CRYPTO: BUSD) and native coin BNB (CRYPTO: BNB).

Sharing data provided by blockchain analytics firm provided by Nansen, the Bloomberg report said about $23 billion of the $74.6 billion net worth is in the company's own stablecoin BUSD and $6.4 billion was in its own cryptocurrency, BNB.

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