Huobi Responds to Binance Overseas Withdrawal FUD: Platform Funds Continue to Flow In Net, Withdrawal Safety on Chain Should Be Noted

February 5 – Binance co-founder He Yi recently addressed the “withdrawal push” launched by the overseas community: “Some community members have launched a large-scale withdrawal push. While it’s still unclear why deposits into Binance actually increased after the push kicked off, I think it’s a good thing to regularly conduct stress tests for all platforms.” He Yi also reminded users to double-check withdrawal addresses during the withdrawal process and avoid mistakes, as on-chain funds sent to an incorrect address can’t be recovered. Meanwhile, sharp accusations targeting Binance have emerged in the market. Community user Rand (@RandySparkys) made unsubstantiated claims that “Binance is already insolvent,” citing allegations including “over $22 billion in asset outflows over the past week,” “platform usage at a four-year low,” “Binance has sued those questioning its solvency,” and “CZ has sued those accusing him of fraud.” The authenticity of these FUD claims remains unconfirmed.