Binance's Response to Withdrawal FUD: Platform Funds Continue to Flow In, Please Be Mindful of On-Chain Security

BlockBeats News, February 5th, Binance co-founder He Yi recently responded to the "Withdrawal Movement" initiated by the overseas community: "Some friends in the community have launched a vigorous withdrawal movement. Although it is not yet clear why there have been more deposits to Binance after the movement started, I think it is a good thing to regularly stress-test all platforms."

He Yi also reminds users to carefully verify the withdrawal address during the withdrawal process to avoid operational errors, as once funds are sent to the wrong address on-chain, they cannot be recovered.

At the same time, there have been aggressive accusations against Binance in the market. Community user Rand (@RandySparkys), without providing conclusive evidence, claimed that "Binance is already insolvent," listing claims including "over $22 billion in assets flowed out in the past week," "platform utilization at the lowest point in four years," "Binance suing those who questioned its solvency," and "CZ suing those who accused him of fraud." The veracity of the related FUD remarks is still pending further verification.