Catenaa, Tuesday, February 10, 2026-Binance said assets on its on-chain addresses increased during what appeared to be a coordinated withdrawal campaign, despite social media posts urging users to move funds from the exchange.
Co-founder Yi He described the episode on X as a stress test of the platform, noting that deposits outweighed withdrawals during the push.
The incident followed a brief pause of withdrawals on Tuesday, which was resolved within 20 minutes. He encouraged users to proceed cautiously with blockchain transfers, highlighting self-custody options such as Binance Wallet, Trust Wallet, or hardware wallets for additional security.
The withdrawal campaign coincided with heightened market volatility, drawing comparisons to past exchange failures.
He Yi said the net inflows during the period demonstrated Binance’s resilience, countering narratives of outflows or liquidity issues.
Co-founder Changpeng Zhao rejected claims that Binance sold $1 billion in Bitcoin to influence market prices, calling the reports “imaginative FUD.” Zhao emphasized that user trading activity, not Binance action, drove the weekend sell-off, and dismissed suggestions that public comments could steer market cycles.
The episode reflects ongoing tension between traders who rely on exchange liquidity and those who favor periodic withdrawals for safety.
Binance has consistently cited transparency and published reserve reports, with CoinMarketCap’s January 2026 data showing the exchange holds roughly $155.6 billion in total reserves, maintaining its position as the largest liquidity hub in crypto.
