[Binance Denies Legal Threats Over 'Insolvency' Allegations: Claims Related Legal Letter is Forged] Odaily Planet Daily News – In response to a recently circulated so-called 'legal letter,' Binance stated that the document was not issued by Binance but is a forged document. Previously, X user Lewsiphur accused Binance of being insolvent and claimed it would have a more severe impact on the market than FTX. Subsequently, the user shared a cease-and-desist letter allegedly issued by Binance, stating that failure to delete the related content within a specified time frame would result in legal action. Binance's official customer service account responded, saying: 'This letter did not come from Binance; it is a forged document with strong subjective assumptions. We remind users to be cautious of fake documents and misleading information.' As of now, the related allegations have not been deleted. Regarding recent rumors about Binance's bankruptcy, Binance has repeatedly denied them, stating that such claims lack factual basis. Binance co-founder He Yi also remarked that the community-initiated concentrated withdrawal activity could be seen as a stress test to some extent, and on-chain data shows that the activity has not led to a decline in the platform's asset scale. (The Block)