“Per recent media reports, historically, the assets we used to collateralize B-token weren’t always kept in dedicated wallets,” a Binance spokesperson told CoinDesk. The spokesperson said that Binance has now established 35 dedicated wallets to hold collateral for B-tokens, and its new process ensures that minting only takes place after collateral is added to the appropriate, dedicated wallet.
Source: https://www.coindesk.com/business/2023/02/22/binance-shifts-to-semi-automated-process-to-manage-reserves-of-tokens-it-issues-bloomberg/?utm_medium=referral&utm_source=rss&utm_campaign=headlines