Binance Faces Allegations Over Token Centralization
Reports have emerged that Binance’s CEO, Changpeng Zhao, controls a staggering 64% of Binance Coin’s (BNB) circulating supply. This revelation has raised concerns about centralization and potential price manipulation, particularly as Binance is already under heavy regulatory scrutiny globally.

My Take: This level of centralization is worrying for a token that markets itself as part of the decentralized ecosystem. Transparency is crucial in rebuilding trust in the crypto space, and Binance may need to take serious steps to address these issues if it wants to maintain its dominance.