Bloomberg: Binance launches a "semi-automated" process to manage token reserves to prevent the mixing of reserves with customer assets

ChainCatcher news, a spokesperson told Bloomberg that Binance has now created a partially automated process to ensure that B-Token (the issued token reserves) is "always transparently supported" by a system that only allows new tokens to be minted after collateral is added to the corresponding wallet.

It is reported that Binance admitted last month to issues with reserve tokens, where reserves were mixed with other customer funds, and there were even cases of missing funds. Binance has decided to make its new process partially rather than fully automated to limit security risks. (Bloomberg)