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Binance halts all cryptocurrency withdrawals, due to ‘large backlog’
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ambcrypto.comLeading cryptocurrency exchange Binance has stopped all cryptocurrency withdrawals from the platform. According to a Twitter announcement, this is “due to a huge backlog” and the team is already working on fixing the problem.
<p lang=«en» dir=«ltr» xml:lang=«en»>We have temporarily disabled all crypto withdrawals on https://t.co/QILSkzx7ac due to a large backlog.Rest assured our team is working on it with top priority.
Thank you for your patience and apologies for any inconvenience caused.
— Binance (@binance) November 1, 2021
Incidentally, the withdrawals had been resumed a while after the initial announcement, with a note that read:
“There will be a temporary delay in withdrawal processing as the backlog is cleared. We expect this to last
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