Binance Hits Back at Coinglass FUD Over On-Chain Data Anomalies

Binance has responded to market concerns over on-chain data anomalies flagged by third-party trackers Coinglass and DefiLlama. The exchange noted similar past discrepancies with DefiLlama, expecting data restoration in 24-48 hours. It encouraged users to verify holdings directly while suggesting regular withdrawal tests across platforms.

The statement followed reports of anomalous outflows, which Binance directed users to its proof-of-reserves page for personal asset checks. It also pointed to CoinMarketCap for total balances and recommended OKLink for platform flows.

Coinglass highlighted discrepancies based on public data, drawing hostile reactions from Binance. The firm defended its neutral analysis, but Binance described the data as unvalidated from third parties.