Binance admitted to "mistakes" with Binance-peg BUSD
ChainArgos revealed that the Binance-peg BUSD stabelcoin had insufficient collateral between 2020 and 2021.
The crypto-exchange explained the situation. It said the discrepancies were due to "shortcomings" in the team. Binance also noted that many teams were involved in issuing and maintaining the peg, including Paxos Trust.
"The process was not always flawless and sometimes led to operational delays," the platform explained.
