Binance.US said the moves are part of efforts to protect customers and the platform amid “extremely aggressive and intimidating tactics” by the SEC.
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Binance.US said the moves are part of efforts to protect customers and the platform amid “extremely aggressive and intimidating tactics” by the SEC.
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The crypto exchange said it temporarily closed BTC withdrawals due to a “large volume of pending transactions.”
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Binance has also had problems with its banking partner for United States dollar transfers over the last few months.
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The former FTX CEO has explained why the exchange only reopened withdrawals for Bahamian citizens shortly after it filed for bankruptcy on Nov. 10.
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The examiner revealed that Celsius’ digital assets in its customer’s Custody wallets account officially became underfunded on Jun. 11.
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CoinFlex CEO Mark Lamb said more time was needed before the exchange can reopen its platform for user withdrawals.
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