[nailer]

Nobody said Binance was a public service company. This is another bizarre straw man.

> never claimed to be one.

Binance say they are a custodian on their own website.

> customer expected X, but got Y

Yes. Misleading people for financial gain is fraud.

> this is because customer is misinformed

No customer holding USDC in Binance knew their funds would be replaced before Binance replaced their funds.