Binance is using charity to launder its reputation
Binance may be the largest cryptocurrency exchange in the world by volume, but it has also utilized disasters across the globe, like the earthquake in Morocco, as an opportunity to launder its dirty reputation. Binance Charity recently declared that it would be donating Binance ’s exchange token, BNB, to victims of the earthquake. Its initial offer included classic legalese, like stating the company would donate “up to $3 million.” The blog post that explains the process for receiving funds from Binance portrays an exceedingly difficult to accomplish mechanism — especially in an area that during the crisis lacked electricity, internet access, and even basic necessities like proper food and shelter. Binance Charity offers highly selective ‘relief’ At least 6.6 million people were affected by the Morocco earthquakes, according to the British Red Cross. Unfortunately, to claim Binance’s ‘charity’ an individual would have to have already...