Binance records inflow of $700 million in 24 hours amid FUD about withdrawals - ForkLog: cryptocurrencies, AI, singularity, the future

robot
Abstract generation in progress

binance20# Binance reports $700 million inflow in 24 hours amid FUD about withdrawals

Net fund inflow to Binance over the past day amounted to nearly $700 million, according to DeFiLlama data. The figure was recorded amid social media rumors of mass withdrawals and account closures.

According to the analytics service, Binance ranks first among centralized exchanges by asset volume — $147 billion. Of these, $120 billion are “net assets” — TVL excluding the BNB token.

Source: DeFiLlama. Daily inflow to the platform significantly exceeds OKX (+$185 million) and Bybit (-$27.09 million).

Weekly dynamics also indicate stability: inflow over seven days was $979.06 million, over a month — $996.71 million.

Technical glitch and wave of FUD

On February 3, Binance reported technical issues with withdrawals.

“We are aware of technical difficulties affecting withdrawals on the platform. The team is already working on fixing it, and services will resume shortly,” the exchange stated.

The outage triggered a wave of negative posts on social media. Several crypto influencers spread claims of a “withdrawal crisis” and mass account closures, urging users to withdraw funds from the exchange.

SO MANY PEOPLE ARE CLOSING THEIR BINANCE ACCOUNTS THAT IT IS CAUSING A WITHDRAWAL CRISIS

GET YOUR FUNDS OUT OF BINANCE pic.twitter.com/d2yWObSjGc

— Leonidas 🧡 $DOG (@LeonidasNFT) February 3, 2026

Earlier on-chain data from CryptoQuant confirmed Binance’s reserve stability. Bitcoin reserves on the exchange remain at 659,000 BTC.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)