Binance dismisses fund outflow claims, claiming "data error."
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CryptoPotato reports that Binance has denied rumors circulating in the community about a massive fund outflow. Some cryptocurrency influencers have advised users to withdraw funds, claiming that between $1.7 billion and $10 billion have flowed out of Binance over the past seven days. Binance explained, "The CoinGlass data (cited by the influencers) was flawed, and similar flaws have appeared in the past on DeFirama and other exchanges. We have publicly disclosed proof of reserves on our website, and all cryptocurrencies are at least 100% collateralized."
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