In 2017 Binance started their own cryptocurrency BNB token, it launched as an ERC-20 token on Ethereum. But in 2019, after Ethereum's gas fees became too high, they made their own network and BNB became its native token. It was built on Cosmos SDK (you all know how much I love cosmos).

Binance launched BUSD, its own stablecoin. It was made with collaboration with Paxos and was regulated. But here is the catch. Only BUSD released on ethereum is backed by money and is regulated, BUSD on other networks is not.

DataFinnovation has discovered that the Binance Peg BUSD wallet on Ethereum has had a lower balance than the amount of BUSD flying on the BSC, this means that someone, was creating BUSD from nothing to use on BSC.   Also Binance Chain’s “state recover tool” allows to edit hash histories.   This looks shady...