Binance Responds to On-Chain Data Anomaly: Suggests Industry Establish Annual "Withdrawal Day" to Verify Asset Authenticity

Odaily News Binance posted on platform X stating that the recent market-concerned data originated from the third-party platform Coinglass, and similar data discrepancies have previously occurred with DefiLlama. The relevant data is currently expected to require 24 to 48 hours to be restored. Binance believes that regularly conducting withdrawal tests on trading platforms is a positive and healthy practice, and reminds users to carefully verify addresses during testing and confirm accuracy before proceeding with withdrawals. Furthermore, Binance proposes that the industry could consider establishing an annual "Withdrawal Day" for collectively verifying the authenticity of assets across various platforms, aiming to enhance transparency and market trust.