Binance denies the circulating concerns about being exposed to problems due to large outflows in recent days
Binance, the largest cryptocurrency trading platform in the world, is facing increasing rumors on social media that funds are flowing out at unprecedented rates.
One of the well-known cryptocurrency analysts on platform X wrote: "Withdraw your funds from Binance. $17 billion has been withdrawn over the past seven days. There is a risk of its bankruptcy, and you will not be able to recover your funds. Withdraw your money now or you will regret it later." Although the figures range between $10 billion and $17 billion, many other analysts have confirmed this opinion.
The exchange rushed to respond, stating that the data from external sources shows discrepancies and that it will be "restored."
Thank you all for your interest in the Binance platform. The data cited by CoinGlass is drawn from external sources, and the DeFi Lama site has previously shown discrepancies in it. It will take another 24 to 48 hours to restore their data.
Additionally, Binance stated that it believes that "conducting withdrawal tests regularly on all trading platforms is a positive and healthy practice. When conducting these tests, please check the address carefully. Ensure the address is correct before withdrawing."
They even went so far as to propose an annual "Withdrawal Day" that should be established for all platforms to accurately verify their assets.
