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Binance resumes withdrawals on BSC and Ethereum; TRON network still unavailable

Binance resumes withdrawals on BSC and Ethereum; TRON network still unavailable

The cryptocurrency exchange Binance suspended withdrawals of assets on the Binance Smart Chain, TRON and Ethereum networks.

“We want to assure you that our team is working on a resolution,” the statement says.

Representatives of Binance did not specify the reason for the suspension.

Update:

Binance said withdrawals in the Ethereum and Binance Smart Chain networks have resumed.

In March, users of the exchange reported problems with withdrawals to ruble-denominated cards. The company then explained that it was working on integrating a new fiat gateway.

On April 20, Binance suspended withdrawals of Binance Coin amid record on-chain activity and high load on the platform. The same day the feature was restored.

On May 10, the cryptocurrency exchange suspended withdrawals of all assets. Company representatives said the issue had been resolved after some time.

In early July, Binance notified users about the suspension of euro deposits via the SEPA payment system amid regulatory pressure in several countries.

As reported in August, a group of international traders filed a lawsuit against Binance. They accused the company of failing to provide access to infrastructure during peak loads and multi-million-dollar losses.

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