The X user, named Ab Kaui Dong, sounded the alarm early on Tuesday. He noticed a questionable on-chain activity by Binance, the world’s largest cryptocurrency exchange. “The most debated topic among peers today should be the vinance selling a large amount of unique BTC and ETH assets,” Don said. “Most currencies have been converted to Stablecoin USDC.” Don admitted that the assets belong to binance rather than user funds, but the allegations gained traction and were able to stake the majors, such as the Cointelegraph. Reported by a cryptographic publication. Binance was suddenly accused of selling 94% of Bitcoin, 99.9% of ether and 99% of Solana in January. However, the exchange ended the rumors and explained that the transaction is only part of the standard accounting process. “Binance doesn’t sell assets. This was just a adjustment to the accounting process at Binance Treasury,” explained Binance. “The user fund is SAFU as usual,” and Don also came out and confirmed the vinanence that it is “actually safe now.” Cointelegraph has since rescinded the previous claim.
(Major crypto outlets have published rumors about the sale of potential Binance assets and subsequent withdrawal/x)
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