Leading crypto exchange Binance has announced in a tweet the suspension of withdrawals for all assets.
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Earlier today, it announced the temporary closing of withdrawals for ETH and XLM due to large volumes reached by these currencies.
Prior to that, ETH had surged above the $4,100 level, reaching a new all-time high, and Stellar Lumens hit $0.74—the level last seen back in early 2018.
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Binance Suspends ETH, XLM Withdrawals as XLM Surges to Highest Level Since 2018
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The Binance team has assured users that it is working hard to resolve the issues and resume withdrawals. Meanwhile, the thread below the tweet is full of enraged comments regarding the situation. Users are complaining that these holdups are causing them big financial losses.
Vladislav Sopov
Dan Burgin