It’s turbulent times again in crypto-land, and in the current market downturn, false data is causing considerable unrest. This happened this week around Binance, the world’s largest crypto exchange with a market share beyond 40 percent. Binance found itself confronted on Thursday with rumors of allegedly unprecedented fund outflows.

On social media—primarily on X—warnings circulated claiming that between 10 and 17 billion US dollars had been withdrawn from the platform within seven days. Binance quickly dismissed the allegations and pointed to faulty data from third-party providers. Had such large sums of money actually been withdrawn, it would have been a clear indication that many traders currently no longer want to invest…