Crypto: Binance denies rumors of massive withdrawals

They arrived without warning. Strange transfers, suspicious flows. The Binance machine is said to have lost 17 billion in one week. The crypto-sphere felt the warm breath of the past. FTX, the smell of ashes. Traders gritted their teeth. Some cried wolf. Others withdrew their stakes. Then the giant spoke. Not to shout. To deny, calmly. And to propose the opposite of a flight: total transparency.

Binance’s pool shot: how to turn a rumor into a crypto revolution

Be natural

First, the blast. Binance was recently accused of worsening the October crash. Its servers lagged, traders were stuck. Today, here we go again. An X account, @KookCapitalLLC, drops the hammer:

Withdraw your funds from Binance. -17 billion dollars in withdrawals in only 7 days. There is a risk they become insolvent and you can no longer recover your money. Withdraw now or cry later.

The figure strikes hard. It rolls, swells, terrifies. Ten, twelve, seventeen billion. The crypto crowd has already seen this movie. It ends badly. Secondly, Binance comes out of hiding. No dry denial. No scruffy “fake news”. The BNB issuer explains, calmly: Coinglass data are third-party. DefiLlama had already experienced these discrepancies.

Twenty-four to forty-eight hours, and the machine recalibrates. Now, the giant no longer parries the blows. It dodges and counterattacks.

He Yi, the woman who says thank you when insulted

She reportedly posted a chilly statement. She posted on X. He Yi, co-founder, head of Binance, did not bare her claws. She thanked:

Some friends in the community have launched a vigorous withdrawal movement. Although we do not yet understand why there were more deposits after the movement started, I think it’s also a good thing to regularly test the solidity of all platforms.

The gravediggers wanted a bank run. They got the opposite. She adds, with a smirk, that it is “good to stress all platforms regularly.” Overall, she turns a public execution into a resilience workshop. She speaks cash, unfiltered.

Meanwhile, competitors look at their shoes. Binance rides the storm.

“Withdrawal Day”: the massive golden trap set by Binance for the entire crypto industry

Then, Binance pulls the pin on a game-changing proposal. Not a denial: an idea. An annual “Withdrawal Day” for all exchanges. A single, global day. Every user withdraws their funds. Every platform shows its reserves. Transparency, brutal, collective, mandatory.

“An annual withdrawal day should be established for all platforms to verify the authenticity of their assets“. Translation: those who refuse the test put themselves in the spotlight.

The maneuver is crude as a headbutt. And brilliant as a stroke of genius. The accused becomes the sheriff. He proposes a general search. His opponents? Caught in a vise. If they say yes, they align with Binance. If they say no, they admit their weakness. Ultimately, the FUD became a weapon of massive domination.

Binance’s poker move in numbers

• 17 billion: the amount of phantom withdrawals that were supposed to kill it;
• 24 to 48 hours: time to reset the counters;
• Over-collateralization: 100% of client assets covered, and more;
• 607 dollars: the BNB price at press time.

Binance will not relinquish its throne. Last week, the proof came in: 155 billion in reserves. No one does better. The BNB issuer crushes the pack. The panic was a damp squib. The FUD found someone smarter. And the giant stays there, backed by its numbers. Not about to fall.