Reports of $3.7 Billion Outflow from Binance, Company Contests with Data Error Claim

Cryptocurrency data platform CoinGlass reported that Binance experienced a net outflow of $3.7 billion (approximately 574 billion yen) over 24 hours, causing temporary market turmoil as reported by multiple media outlets.

In response, Binance issued an official statement pointing out errors in the data, sparking a debate over the reliability of these figures.

According to blockchain analytics platform OKLink, Binance's actual net outflow over 24 hours was $46.58 million (approximately 7.1 billion yen), and over the past seven days, it was only $19.14 million. This shows a significant discrepancy of about 80 times less than the $3.7 billion reported by CoinGlass, raising questions about which data reflects the true situation...