Binance Defends Against On-Chain Data Anomalies

Binance, the largest cryptocurrency exchange by volume, has pushed back against recent concerns over its on-chain data, citing past discrepancies and encouraging users to verify their holdings directly.

The exchange responded to market worries over anomalies flagged by third-party trackers Coinglass and DefiLlama, noting that similar issues had arisen in the past with DefiLlama's data.

Binance pointed out a 2025 incident where Coinglass showed $21.75 billion outflows from Binance, which was contradicted by DefiLlama's $900 million inflows.

The exchange also directed users to its proof-of-reserves page for personal asset checks and suggested using CoinMarketCap for total balances and OKLink for platform flows.