Given the document below, you have to determine if "Yes" or "No", the summary is factually consistent with the document.

Document:
A report by NAME_1 found that Binance transferred nearly $1.8 billion worth of stablecoins collateral to hedge funds last year. The beneficiaries included NAME_2, and NAME_3's Alameda Research. NAME_1 has claimed that the transfer of assets was similar to maneuvers made by FTX before its implosion. A spokesperson for the exchange clarified that there was no commingling of funds. A sensational report published by NAME_1 earlier today shed a light on a series of transfers made by the world's largest crypto exchange, Binance, last year. The transfers involved more than a billion dollars worth of assets that were meant to back stablecoins belonging to the exchange's customers. NAME_1 claimed that the transfers were "eerily similar" to FTX's activities before its implosion. Binance transferred stablecoin collateral to Alameda Research According to on-chain data gathered by NAME_1, the transfers started on 17 August last year. Binance reportedly transferred the funds that backed $1 billion worth of B-peg USDC belonging to its customers, to multiple hedge funds. The report found that the B-peg USD Coins were left with no collateral

Summary:
1. A report by NAME_1 found that Binance secretly transferred $2 billion worth of funds to several hedge funds in August 2022.
2. The funds were meant to back B-peg USDT belonging to the exchange's customers.

Is the summary