Binance Suspends All Withdrawals for Customers
Yuri Molchan
Top-tier exchange Binance has blocked all withdrawals temporarily, the community is enraged
News
Mon, 05/10/2021 - 11:25
Cover image via stock.adobe.com
Leading crypto exchange Binance has announced in a tweet the suspension of withdrawals for all assets.
Image via Twitter
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.
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.
About the author
Yuri Molchan
Yuri is interested in technology and technical innovations. He has been writing about DLT and crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. He has written for multiple crypto media outlets.
His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.