Binance Addresses On-Chain Data Anomalies After Coinglass Raises Concerns

Binance, the largest cryptocurrency exchange by volume, has responded to concerns over on-chain data anomalies flagged by third-party trackers Coinglass and DefiLlama.

The exchange noted that similar past discrepancies with DefiLlama have been resolved in 24-48 hours and encouraged users to verify their holdings directly while suggesting regular withdrawal tests across platforms.

Binance directed users to its proof-of-reserves page for personal asset checks and pointed to CoinMarketCap for total balances. For platform flows, it recommended OKLink.

The statement followed reports of anomalous outflows, which Coinglass highlighted based on public data, drawing hostile reactions from the firm, which defended its neutral analysis.