Cryptocurrency exchange Binance has issued an official statement regarding the alleged leakage of billions of dollars in assets over the past 24 hours.
A claim circulating on social media and data platforms, citing data from Coinglass, claims that Binance experienced net outflows of $3.7 billion in the past 24 hours.
According to data shared by crypto data platform Coinglass, net inflows to Binance in 24 hours were negative by $3.76 billion. This data caused some temporary concern in the market.
However, data from blockchain analytics platform OKLink paints a different picture. According to OKLink, Binance experienced net outflows of $46.58 million in the past 24 hours and $19.14 million in the past seven days. These numbers are significantly lower than the multi-billion dollar leak claims shared by Coinglass.
Binance said in an official statement that the data reported by Coinglass comes from third-party sources. They also noted that inconsistencies were previously observed in DeFiLlama data. The exchange’s statement included the following:
“The data provided by Coinglass comes from third-party sources and discrepancies have previously been observed in DefiLlama data. Correcting this data may take 24-48 hours.”
Binance also reminded users that they can visit the “Proof of Reserves” page to verify their assets.
*This is not investment advice.
