Binance secretly moved $400 million from its US partner to a trading firm managed by the crypto giant's boss CZ, report says

• Binance secretly moved $400 million from its US partner to a trading firm owned by boss Changpeng Zhao, according to Reuters.
• A US-based executive called the transfers "unexpected", saying that "no one mentioned them".
• It's not clear why the money was sent or if any of the funds belonged to US customers.

Binance secretly moved large sums of money from its supposedly independent US partner to a company managed by the crypto giant's boss Changpeng Zhao, according to Reuters.