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It is reported that the judge and creditor gave eight hours of testimony on the broker\’s proposal to sell assets to Binance.US. Judge Michael Wiles still hasn\’…
It is reported that the judge and creditor gave eight hours of testimony on the broker’s proposal to sell assets to Binance.US. Judge Michael Wiles still hasn’t made a decision on the restructuring agreement. The hearing will continue on Friday in the United States Bankruptcy Court in the South District of New York.
The hearing on the sale of assets by Voyager to Binance.US will continue on Friday
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Binance’s Statement on Misuse of Multiple Accounts
According to the official announcement, based on recent community feedback, Binance found that some users used multiple accounts to test snapshot logic, and borrowed BNB in large amounts on other platforms to conduct high-frequency BNB asset withdrawals, resulting in a large number of BNB position statistics for these users in the Launchpad project. Binance optimizes BNB position statistics logic for Launchpad products Analysis based on this information:In their recent announcement, Binance has stated that they have noticed some users using multiple accounts to test snapshot logic, and borrowing BNB in large amounts on other platforms to conduct high-frequency BNB asset withdrawals. These activities have resulted in a surge of BNB position statistics on the Launchpad project. This statement comes as no surprise, as Binance has always been quite pro-active in keeping an eye out for any misuse of its platform. They have always been committed to ensuring the integrity of their project and this announcement reaffirms their stance on this…