Binance reserves steady as ‘FTX 2.0’ claims spread online

Binance shows stable onchain reserves and no immediate stress signals despite market volatility and a wave of criticism circulating on social media.

Onchain analysts say the data show no signs of crisis at Binance, even as a wave of online criticism warns the exchange could become the new “FTX.”

Despite ongoing market volatility and Bitcoin (BTC) briefly dipping below $74,000 on Tuesday, Binance shows “no signs of stress,” according to the blockchain analytics company CryptoQuant.

“Binance holds around 659,000 BTC, virtually unchanged from 657,000 BTC at end-2025,” CryptoQuant said in a statement shared with Cointelegraph on Wednesday, highlighting “no material reserve erosion during the current Bitcoin sell-off.”

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