Binance’s $190 Million Mystery: FalconX Holds 1.35 Million SOL with Reconciliation Anomalies

On October 8, COINOTAG reported that FalconX, a cryptocurrency brokerage, currently holds approximately 1.35 million SOL tokens, which have been in their possession since 2021. While allegations suggest these tokens are affiliated with Binance, the ownership remains undisclosed. The current valuation for these SOL tokens is estimated at about $190 million. The situation raises questions regarding FalconX’s ability to track these cryptocurrencies effectively, particularly as Binance has purportedly requested their return after a significant lapse in tracking.

In a recent interview, a spokesperson from FalconX indicated the presence of “reconciliation anomalies” related to these tokens. Despite efforts to audit their accounts alongside trading platforms, partners, and clientele, no transaction records corroborating the ownership have emerged. Binance reassured its customers, stating that they are not at risk of losing any funds due to these complications, asserting that in the event the 1.35 million SOL remain unaccounted for, the company would absorb the loss itself.