Binance Filed Inaccurate UK Accounts, Venture Partner Claims

Binance Holdings Ltd., the largest cryptocurrency exchange, has been accused by its joint venture partner of submitting inaccurate accounts for a UK subsidiary, a legal filing shows.

Binance Digital’s 2020 accounts don’t accurately represent its “turnover, assets, liabilities, including possible tax liabilities, net profit, nature of operations and/or related-party transactions and post-reporting events,” directors of the partner, Dimplx Ltd, said in a filing to the UK’s official companies registrar. The comments were made in Dimplx’s own annual report for the fiscal year that ended in February 2021.

• Binance Digital describes itself as a payments processing facilitator. In 2020, it ...