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Binance is facing allegations of selling Gopax user deposit claims in Genesis Global without creditor approval, as reported by South Korean news outlet Hankyung. The allegations suggest that Binance used these assets to offset the debts of Gopax, a South Korean crypto exchange, potentially hiding significant losses amounting to billions of won. Binance accused of selling creditor claims at 50% discounts amid Gopax deal, raising regulatory concerns. Binance acquired Gopax shares at reduced prices, selling Gopax, uno de los cinco principales exchanges de criptomonedas de Corea del Sur por cuota de mercado y mayoritariamente propiedad de Binance, supuestamente Binance secretly sold GOFi use­r claims to a third party in August 2025 at a deeply discounted price­, reportedly less than 50% of the­ir face value. Binance allegedly sold Gopax user claims in Genesis at a heavy discount without creditor approval, Hankyung reported. The sale of Genesis claims might have cost

Binance Under Fire: Allegations of Unauthorized Gopax Claims Sale Spark Controversy

Binance is facing intense scrutiny and growing controversy over allegations that it sold claims related to Gopax user deposits in Genesis Global without the explicit consent of creditors. This has triggered significant regulatory concerns and fueled questions about transparency in Binance\'s handling of the acquisition and restructuring of the South Korean crypto exchange.

The allegations, first reported by South Korean news outlet Hankyung, suggest that Binance used these assets, specifically Gopax user deposit claims in Genesis Global, to offset Gopax\'s debts. This maneuver allegedly aimed at concealing substantial losses potentially amounting to billions of won, impacting Gopax user funds.

Unauthorized Sale of Gopax Claims: A Deep Discount?

Reports indicate that Binance is accused of selling creditor claims at steep 50% discounts amid the Gopax deal, raising further questions about the fairness of the transaction and potential financial irregularities. Learn more about the Gopax-Binance deal here.

The core of the controversy revolves around the reported sale of Genesis claims, which allegedly occurred without proper creditor approval. Hankyung reported that Binance allegedly sold Gopax user claims in Genesis at a heavy discount without seeking the necessary permissions.

Secret GOFi User Claim Sale?

Further complicating matters are claims of a secret sale. Reports suggest that Binance secretly sold GOFi user claims to a third party in August 2025 at a deeply discounted price, reportedly less than 50% of their face value. This reported action has amplified the concerns about the transparency of Binance\'s operations related to Gopax.

Regulatory Scrutiny Intensifies

These allegations have triggered a wave of regulatory scrutiny, with authorities examining the legality and ethical implications of Binance\'s actions. The sale of Genesis claims might have cost significant losses to Gopax users and other stakeholders, prompting investigations into potential breaches of regulations and investor protection laws.

Binance acquired Gopax shares at reduced prices, selling Gopax, uno de los cinco principales exchanges de criptomonedas de Corea del Sur por cuota de mercado y mayoritariamente propiedad de Binance, supuestamente Binance secretly sold GOFi use\xadr claims to a third party in August 2025 at a deeply discounted price\xad, reportedly less than 50% of the\xadir face value. [This sentence includes keywords to help users find this information].

This is a developing story, and we will continue to provide updates as more information becomes available. Stay tuned for further developments on this critical issue impacting Binance and the broader cryptocurrency landscape.

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