Exchanges· ★★★· bearish·

Binance TR halts crypto withdrawals after Binance hack

  • —Binance TR suspended only crypto withdrawals; other functions remain live
  • —Trading, lira deposits and withdrawals and crypto deposits are unaffected
  • —No date given for resuming withdrawals; updates via official channels
  • —Move follows the multi-billion-dollar hack of parent Binance
Why it matters: Local Binance units restricting withdrawals alongside the parent exchange adds pressure on the market and on user confidence.
Source: Uzmancoin