Binance Temporarily Suspends Withdrawals

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Cryptocurrency exchange Binance has announced that it has suspended withdrawals due to a technical issue with a third-party service provider.

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According to the statement, the incident occurred around 07:00 UTC, after which the exchange team was forced to activate the Asset Security Fund for Users (SAFU) and suspend withdrawal operations for some networks. SAFU Fund wallets include BNB, BUSD and BTC.

Binance assured that all user funds are safe, and the exchange team fixed the issue within an hour. At the same time, the platform does not disclose the name of the third-party service provider and does not specify which networks were affected and what exactly happened.

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This is the third suspension of withdrawals from Binance this year. So, in June, the exchange notified the community about the suspension of operations for the withdrawal of BTC due to a hung transaction, and later – for the deposit and withdrawal of ERC-20 tokens for the period of technical work.

Source: Bits

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