According to Bloomberg, Binance is turning to semi-automated management of B-Token (Binance-peg token). A Binance spokesperson said that Binance has now established a partially automated process to ensure that the so-called B-Tokens make reserves transparent through a system that only allows new tokens to be minted after the collateral is added to the appropriate wallet. The spokesperson also said that in the past few weeks, Binance has been transferring collateral assets to dedicated wallets.

Foresight News previously reported that Binance admitted that it mistakenly stored part of its B-Token (Binance-peg token) reserves in the same wallet (labeled “Binance 8”) as customer funds, and said the incident was due to Binance’s past operational negligence.