According to CoinMeta, Binance disputes the claim that hackers stole 335 million user records regarding ShinyHunters, stating that preliminary investigations suggest that the data list may be a scam. A Binance spokesperson said that the exchange is investigating the allegations circulating on hacker forums and social media, but no new evidence of a leak in their systems or customer data has been found during the initial review. The spokesperson pointed out that several details do not match how Binance manages customer information, especially the claim that the stolen records include account passwords, as Binance does not store user passwords in plaintext. Additionally, the claim that the records contain private keys to encrypted wallets is also questioned, as Binance does not hold the private keys to users' external wallets. There are also inconsistencies in the geographical coverage of the alleged theft, with Binance indicating that the list includes jurisdictions in which they no longer operate. The spokesperson suggested that the advertising records might be similar to information collected by malware through information theft.