Binance Rejects Asset Sell-Off Allegations as Crypto Markets React
A post on X alleging that Binance is offloading massive amounts of BTC and ETH has set off waves of speculation. But Binance says it’s all just a misunderstanding.
Another day, another Binance controversy. On February 11, an X user named AB Kuai.Dong claimed that Binance had dumped a massive amount of its own assets, sharing screenshots that suggested a 90% reduction in certain holdings.
The post quickly caught the attention of crypto media, raising concerns about Binance’s financial position. However, Binance Customer Support dismissed the claims, insisting that no sell-off had occurred and that the numbers merely reflected internal treasury adjustments.
But as with past Binance statements, not everyone in the community is convinced—especially given the ongoing scrutiny surrounding the exchange’s financial transparency.
User funds are SAFU, as always,
Binance declared, a statement meant to reassure users. But was it enough to calm the storm?
On February 11, Bitcoin took a hit, dropping from $98,000 to under $95,000, while ETH briefly sank below $2,600. Was Binance at fault? Maybe. Maybe not.
What’s undeniable is how easily fear ripples through the crypto space. Whether it’s market manipulation or genuine concern, staying informed and prioritizing security is the only way to navigate this ever-volatile industry.
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