An X person going by the title AB Kaui Dong sounded the alarm early Tuesday, when he observed suspicious onchain exercise by the world’s largest cryptocurrency alternate, Binance. “Probably the most mentioned matter amongst friends at the moment must be Binance, which is promoting off a considerable amount of its personal BTC and ETH belongings,” Dong stated. “Most currencies have been transformed into the stablecoin USDC.” Though Dong acknowledged that the belongings weren’t person funds and belonged to Binance, the allegations gained traction and have been reported by main crypto publications comparable to Cointelegraph. Binance was all of a sudden being accused of getting bought off 94% of its bitcoin, 99.9% of its ether, and 99% of its solana in January. However the alternate put an finish to the rumors and defined that the transactions have been merely a part of its customary accounting course of. “Binance isn’t promoting belongings. This was merely an adjustment within the Binance treasury’s accounting course of,” Binance defined. “Person funds are SAFU, as at all times.” Dong additionally got here out and confirmed that Binance “is certainly protected at current.” Cointelegraph subsequently retracted its earlier allegation.
(Main crypto outlet printed a rumor a couple of potential Binance asset sell-off and later retracted / X)
