Binance Temporarily Disables All Crypto Withdrawals, Cites Backlog

Binance, the world’s largest crypto exchange, temporarily disabled all crypto withdrawals for a time on Monday due to a large backlog.

  • Withdrawals were resumed about 25 minutes after the stoppage was announced to customers on its Twitter account Monday.
  • “There will be a temporary delay in withdrawal processing as the backlog is cleared. We expect this to last about 30 minutes,” Binance said in a tweet following the resumption.

Source: https://www.coindesk.com/business/2021/11/01/binance-temporarily-disables-all-crypto-withdrawals-cites-backlog/

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