Binance suggests annual crypto "Withdrawal Day" after onchain data triggers reserve questions

On February 11 2026, Binance outlined a proposal for an industry-wide annual "Withdrawal Day" after onchain trackers Coinglass and DefiLlama highlighted anomalies that raised questions about its asset reserves. The exchange clarified that the disputed data came from third-party sources, urged users to verify holdings via its own Proof of Reserves tools and external sites, and argued that coordinated withdrawal tests across platforms could strengthen transparency and trust. Binance's leadership also addressed recent insolvency rumors and a community-led withdrawal campaign, while pointing to onchain evidence that shows no clear signs of a bank run or insolvency.