Hidden Truth Behind Binance’s Billion-Dollar ICO
Forbes, in a recent investigative report, has shed light on the 2017 ICO (Initial Coin Offering) conducted by Binance, and it paints a different picture of its success than previously believed.
On this page
Contrary to claims of raising $15 million, an examination indicates that Binance likely raised less than $5 million.
According to the article, during the ICO, which aimed to sell 100 million BNB tokens, investors were provided with no more than 10.78 million tokens.
In the midst of heightened scrutiny from regulatory authorities, this revelation adds another layer of complexity to Binance's operations.
The content on The Coinomist is for informational purposes only and should not be interpreted as financial advice. While we strive to provide accurate and up-to-date information, we do not guarantee the accuracy, completeness, or reliability of any content. Neither we accept liability for any errors or omissions in the information provided or for any financial losses incurred as a result of relying on this information. Actions based on this content are at your own risk. Always do your own research and consult a professional. See our Terms, Privacy Policy, and Disclaimers for more details.
Articles by this author
