{"id":72117,"date":"2026-02-12T12:32:08","date_gmt":"2026-02-12T12:32:08","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=72117"},"modified":"2026-02-12T12:32:08","modified_gmt":"2026-02-12T12:32:08","slug":"binance-refutes-huge-outflows-allegations-says-data-is-misreported","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=72117","title":{"rendered":"Binance Refutes Huge Outflows Allegations, Says Data is Misreported"},"content":{"rendered":"
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Binance, the world\u2019s largest cryptocurrency exchange, is facing mounting rumors on social media that funds are flowing out of it at unprecedented rates.<\/p>\n

\u201cGet your funds off of Binance. -$17bn of withdrawals in the last 7 days. There is a risk they will become insolvent, and you won\u2019t be able to get your money out. Withdraw now or cry later,\u201d wrote<\/a> a popular crypto analyst on X. Although the figures range from $10 billion to $17 billion, many others reiterated this opinion.<\/p>\n

The exchange was quick to respond, saying<\/a> that data from third-party sources shows discrepancies and that it is to be \u201crestored.\u201d<\/p>\n

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Thank you everyone for your concern about Binance. The data cited by Coinglass comes from third-party sources, and DefiLlama previously showed discrepancies. It will take another 24 to 48 hours for their data to be restored.\u201d<\/p>\n<\/blockquote>\n

Moreover, Binance said that they believe that \u201cregularly conducting withdrawal tests on all trading platforms is a positive and healthy practice. When performing these tests, please double-check the address carefully. Confirm, then withdraw.\u201d<\/p>\n

They even went so far as to suggest an annual \u201cwithdrawal day\u201d that should be established for all platforms to thoroughly verify the authenticity of their assets.<\/p>\n

Meanwhile, the Proof-of-Reserves report on their official website reveals that all cryptocurrencies are, at the time of this writing, overcollateralized, meaning that there is more USD backing their reserves than crypto \u2013 a sign of health.<\/p>\n

\"Screenshot<\/a>
Binance Proof of Reserves. Source: Binance<\/figcaption><\/figure>\n

The post Binance Refutes Huge Outflows Allegations, Says Data is Misreported<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Binance, the world\u2019s largest cryptocurrency exchange, is facing mounting rumors on social media that funds are flowing out of it at unprecedented rates. \u201cGet your funds off of Binance. -$17bn of withdrawals in the last 7 days. There is a risk they will become insolvent, and you won\u2019t be able to get your money out. […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-72117","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/72117","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=72117"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/72117\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=72117"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=72117"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=72117"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}