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Binance Withdrawals in U.S. Disrupted Amid Legal Battles

Published 03/30/2023, 11:00 AM
Binance Withdrawals in U.S. Disrupted Amid Legal Battles

  • Binance users in the U.S. are experiencing difficulties withdrawing funds to banks.
  • While Binance claims it's due to banking disruptions, users and critics are skeptical.
  • The issue arose after Binance found itself in a legal dispute with the CFTC.
Binance, one of the largest cryptocurrency exchanges in the world, is experiencing disruptions in withdrawals to banks in the U.S.

According to a Wednesday Twitter post from Binance, the exchange paused deposits and withdrawals “for a small subset of users.”

https://twitter.com/BinanceUS/status/1641121413850431488 Binance cited “recent banking developments” for the move, pausing withdrawals “out of an abundance of caution.” The exchange added that it expects to restore withdrawals for all users soon.

Binance Users Went Anger, Withdraw En Masse

Binance users were generally unhappy with that explanation. Many demanded their money immediately and...

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