Binance.US suspends USD deposits, warns withdrawal pause incoming
Binance.US said the moves are part of efforts to protect customers and the platform amid "extremely aggressive and intimidating tactics" by the SEC.
Binance.US said the moves are part of efforts to protect customers and the platform amid "extremely aggressive and intimidating tactics" by the SEC.
The crypto exchange said it temporarily closed BTC withdrawals due to a “large volume of pending transactions.”
On Wednesday, April 12, 2023, at 6:30 p.m. Eastern Time, Ethereum’s Shapella upgrade was successfully implemented, enabling validators to withdraw staked ether. Data reveals that more than 860,000 ether is…
Binance has also had problems with its banking partner for United States dollar transfers over the last few months.
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The former FTX CEO has explained why the exchange only reopened withdrawals for Bahamian citizens shortly after it filed for bankruptcy on Nov. 10.
The examiner revealed that Celsius’ digital assets in its customer’s Custody wallets account officially became underfunded on Jun. 11.
"We share the belief that it should be necessary for crypto platforms to publicly share proof of reserves," the Crypto.com CEO said.
CoinFlex CEO Mark Lamb said more time was needed before the exchange can reopen its platform for user withdrawals.