According to Bloomberg, Binance has turned to semi-automated reserve management of B-Token (Binance-peg Token) to avoid mixing reserves with customer funds and ensure reserve transparency. The new system will require the minting of new tokens after the collateral is added to the appropriate wallet.

As previously reported, in January this year, Binance admitted that it had mistakenly deposited customer funds into the B-Token collateral wallet, which has been properly handled. A Binance spokesperson said: "Binance 8 is an exchange cold wallet. The collateral assets were previously mistakenly moved to this wallet and referenced accordingly on the B-Token collateral proof page. Binance is aware of this error and is in the process of transferring these assets to a dedicated collateral wallet." The spokesperson added that despite Binance's so-called "historical operational errors," all user assets held by the exchange "have always been and will continue to be backed 1:1." Original link