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 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 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 <\/a>Binance Proof of Reserves. Source: Binance<\/p>\n The post Binance Refutes Huge Outflows Allegations, Says Data is Misreported<\/a> appeared first on CryptoPotato<\/a>.<\/p>","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":0,"featured_media":134701,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-134700","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/134700"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=134700"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/134700\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/134701"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=134700"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=134700"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=134700"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
![<\/a>Binance Proof of Reserves. Source: Binance<\/p>\nThe post Binance Refutes Huge Outflows Allegations, Says Data is Misreported<\/a> appeared first on CryptoPotato<\/a>.<\/p>","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":0,"featured_media":134701,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-134700","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/134700"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=134700"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/134700\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/134701"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=134700"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=134700"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=134700"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2026\/02\/Screenshot-2026-02-12-140501.png\"){kind=link}