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Binance Suspends ETH and ERC-20 Withdrawals for Customers

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Thu, 05/13/2021 - 08:07
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Yuri Molchan
Leading crypto platform Binance announced the suspension of withdrawals for Ether and all tokens based on Ethereum
Binance Suspends ETH and ERC-20 Withdrawals for Customers
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Just now, major crypto trader Binance has tweeted that withdrawals of Ethereum and all tokens based on its ERC-20 standard will be suspended during temporary wallet maintenance.

This will happen starting at 8 a.m. UTC and extending until 9 a.m. UTC.

The exchange assures users that trading and deposits will continue operating during this period.

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Related
Binance Suspends All Withdrawals for Customers

This is the third time that Binance has shut down crypto withdrawals temporarily. Earlier this week, users were temporarily unable to withdraw their XLM and ETH. After that, the exchange suspended all withdrawals completely, but they were later restored.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and 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.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.