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Binance Suspends All Withdrawals for Customers

source-logo  u.today  + 1 more 10 May 2021 12:42, UTC

Leading crypto exchange Binance has announced the suspending of withdrawals for all assets in its tweet.


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 that they are 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 upholds are causing them big financial losses.


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