Binance Is Trying to Calm Investors, but Its Finances Remain a Mystery

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Binance Is Trying to Calm Investors, but Its Finances Remain a Mystery
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The crypto exchange Binance has begun releasing data to shore up investor confidence following the collapse of FTX

Crypto imploded in 2022, as investors lost faith in digital assets and the industry was plagued with crisis. But unlike other collapses, it has largely avoided rippling into other markets. WSJ explains how crypto became so interconnected. Illustration: Mallory BranganBinance’s “commitment to transparency” has just gotten started, but it has a long way to go before it discloses enough meaningful information to give investors confidence in its future, accounting and financial specialists say.

The world’s largest cryptocurrency exchange is seeking to reassure customers about the safety of their holdings after the

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