Upbit warns users against withdrawals to Binance after security incident
- —Upbit cited a security incident and signs of stolen assets at Binance
- —The exchange may restrict withdrawals to Binance if conditions worsen
- —Upbit will announce separately any changes to deposit and withdrawal support
Why it matters: A warning from a major exchange adds pressure on Binance and could accelerate user outflows from the platform.
Source: PANews