Diminishing Crypto Reserves
Another rumor is that Binance's crypto reserve is reducing, which can pose a great threat to users' assets, assuming it is true. Many users are already concerned about the state of their funds, as a confirmation of this story might mean that some users may have their funds stuck in the centralized exchange.
However, a comparative evaluation of this story shows that it is more fake news than fact. A critical analysis of the story shows that it was put out to create FUD among Binance users.
According to data provided by Defi Llama, the crypto reserve of Binance has lost about $3 billion and is now at $63.5 billion. The data above is normal and does not depict any dwindling crypto reserve. Despite all the FUD many people are trying to create about Binance reserve, Wintermute Trading has withdrawn about $153 million worth of USDC from Coinbase. They later transferred $149.85 million of USDC to Binance.
