Binance Faces Heavy Scrutiny as $22 Trillion Worth in Hidden Trades Are Found

Binance co-founder and CEO Changpeng Zhao speaks during a press conference at the Europe's largest tech conference, the Web Summit, in Lisbon, Portugal, on Nov. 2, 2022. Patricia de Melo Moreira/AFP via Getty Images

Binance, the world’s biggest crypto exchange, is under heavy scrutiny as $22 trillion worth in hidden trades were found, according to a recent report.

The exchange is currently attempting to drum up confidence after a surge in customer withdrawals and a massive drop in the value of its digital token, BNB, has it facing a reliability crisis