Binance Has Stopped All Crypto Withdrawals! Are Funds Safe?

While Bitcoin has made a good start to the week, Binance has recently made a statement stating that the withdrawals from maintenance have stopped for a short time.

In the statement made;

“Due to the large backlog on Binance.com, we have temporarily disabled all cryptocurrency withdrawals.

You can be sure that our team is working on this as a priority.

Thank you for your patience and we apologize for the inconvenience.”

After the withdrawals in Binance were suspended, the statement that will address the concerns with the security of the funds came from CEO Changpeng Zhao.

Saying that we are working on the problem, CZ did not neglect to give the message that the funds are safe.

Binance, the world’s largest cryptocurrency exchange, recently underwent maintenance and improved its systems.

Despite this, the technical problem is an indication that the interest in the crypto money markets has started to increase again.

Because we were witnessing that the stock markets had similar problems at the beginning of the bull markets and during the bull markets.

We hope the issue will be resolved soon.

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