Recent news articles indicate that prominent cryptocurrency exchange Binance has acknowledged that it holds some customer assets in the same wallet that it uses to store its own collateral for some of its internal tokens.

Binance quickly began the process of shifting the assets in question to particular wallets that would serve as collateral when the information became public and soon after it became public.

Binance allegedly made a mistake when it kept collateral for some of the Binance-minted tokens, also known as B-Tokens, in a wallet that also contains client assets, as stated in an article published by Bloomberg on Jan. 24.

Binance launched a publicly accessible proof of collateral for B-Tokens on Monday. This document includes information for each of the 94 tokens that the company has previously issued.

In a statement that was published not too long ago, the company emphasized the fact that B-Tokens are always fully collateralized and backed at a 1:1 ratio.

According to the proof of collateral, Binance’s reserves for roughly half of all B-Tokens are now held in a single wallet known as “Binance 8”.

Given the total number of B-Tokens that Binance has made available, the supply of reserve tokens held by the wallet is far more than one might have anticipated.

This is supposed to provide validity to the idea that Binance combined the coin and client collateral rather than keeping the two different types of assets in separate places.

Even if the issue is limited to B-Tokens only, it would seem that such a wallet management system would go against the standards that Binance has set for its own wallet. This is the case even though the issue only affects B-Tokens.