Binance Denies Fake Cease-and-Desist, Calls Bankruptcy Rumors Unfounded

Published at 2026-02-05 06:15:18

On Feb. 5, 2026, Binance pushed back against circulating claims that it had received a cease-and-desist order and was facing bankruptcy. The exchange said the bankruptcy speculation spreading on social media is entirely unfounded and dismissed the reports as false in a brief statement meant to correct the record.

The clarification aims to calm users and markets after unverified posts sparked concern; false reports can prompt user withdrawals and short-term volatility. The episode highlights how quickly misinformation can spread in crypto communities and why timely, clear communication from major platforms matters for market stability and user confidence.

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