Patrick Hillmann, chief strategy officer of Binance, responded on Twitter to Reuters' report that "Binance had mixed customer funds with company revenue in 2020 and 2021, violating U.S. financial rules requiring separation of customer funds" and said that when users buy BUSD (Paxos) from Binance, they will be transferred to a trading page with the word "deposit". Users are buying stablecoins that can be redeemed by Paxos, which is clearly stated on the page. The statement in the Reuters report that "Reuters found no evidence that Binance customer funds were lost or taken" is an attempt to protect itself from defamation lawsuits.