Zhao Changpeng: Binance provided a $250 million loan to BAM, rather than borrowing from it

2023-09-20 18:48:35

ChainCatcher news, regarding Decrypt's earlier report stating "Binance borrows $250 million from BAM Management U.S. Holdings," Zhao Changpeng posted that this is incorrect information. In fact, "Binance provided a $250 million loan to BAM, rather than borrowing from them, and has not yet recovered it."

Zhao Changpeng: Binance provided a 50 million loan to BAM, rather than borrowing from it

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