April 24, 2024

Binance has temporarily suspended Ethereum withdrawals

The company assured that users' funds are safe, and explained its decision by overloadingsystems.

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Crypto exchange Binance has suspended Ethereum withdrawaland tokens based on the cryptocurrency blockchain. The company explained this by overload and emphasized that users' funds remain safe.

At the end of January, the trading floor already facedwith a similar problem. Then the cryptocurrency exchange suspended the withdrawal of funds against the background of a significant increase in requests from new users. The withdrawal function was soon restored.

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