Binance Denies Issuing Legal Threats Over "Insolvency" Allegations: Related Lawyer's Letter Is Forged

Odaily News In response to a recently circulated so-called "lawyer's letter," Binance stated that the document was not issued by Binance but is a forged file. Previously, X user Lewsiphur accused Binance of being insolvent and claimed it would have a more severe impact on the market than FTX. Subsequently, they posted a cease-and-desist letter allegedly from Binance, stating that failure to delete the related content within the specified time would result in legal action.

Binance's official customer service account responded, saying: "This letter is not from Binance but is a forged document with strong subjective assumptions. Users are reminded to be wary of false documents and misleading information." As of now, the aforementioned related allegations have not been deleted.

Regarding recent bankruptcy rumors surrounding Binance, Binance has repeatedly denied them, stating that such claims lack factual basis. Binance co-founder He Yi also mentioned that the concentrated withdrawal activities initiated within the community can, to some extent, be seen as stress tests. On-chain data shows that these activities have not led to a decline in the platform's asset scale. (The Block)