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Binance Temporarily Disables All Crypto Withdrawals

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Mon, 1/11/2021 - 12:06
Binance Temporarily Disables All Crypto Withdrawals
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Binance has temporarily disabled all withdrawals from the platform due to technical issues. According to the Twitter announcement, the team is already working on the problem.

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At press time, the technical reason has not been specified. The issue may be tied to the problem with backlogs caused by network congestion.

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Currently, most exchanges are facing large funds outflows, which creates a significant load on the exchange's engine and servers. A more detailed report on the problem is yet to be released.

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