Binance Releases a Notice Regarding Withdrawal Suspension

Fazzaco has learned that Binance​, a crypto exchange giant, released a notice at 7:10 pm, 10 May 2021 that all withdrawals were temporarily suspended on Binance. The crypto exchange told its clients to rest assured its team was working on it and it expressed apology for any inconvenience caused.

In addition, Binance said at 7:30 pm, 10 May 2021: “If you submit a withdrawal request it will be added to a queue, but until this issue is resolved it will not be processed.”

At 7:43 pm, 10 May 2021, the exchange replied on the post that “Withdrawals are now resumed. Thank you for your patience.”

The withdrawal may be caused by Binance’s planning to list SHIBA INU (SHIB), another meme coin similar to Dogecoin (DOGE). Binance recently released an announcement that it will list SHIBA INU (SHIB) in the Innovation Zone and will open trading for SHIB/BUSD and SHIB/USDT trading pairs on 10 May.