Binance's He Yi Reports Net Inflows Amid Withdrawal Campaign, Warns on Address Verification

Binance co-founder He Yi said on Feb. 5 that the platform has seen net inflows despite an overseas withdrawal campaign, with deposits rising after the drive began, BlockBeats reports. She noted that periodic stress tests across platforms are positive and urged users to verify withdrawal addresses, as on-chain transfers to incorrect addresses cannot be recovered. Separately, community user Rand (@RandySparkys) alleged without conclusive evidence that Binance is insolvent, citing claims of over $22 billion in outflows over the past week, platform usage at a four-year low, and lawsuits involving Binance and CZ; the claims remain unverified.