FTX Halts Users Withdrawals Temporarily? Exchange Under Siege
Per a report from TheBlock, crypto exchange FTX halted withdrawals from its platform. The report uses Etherscan data to support its claim. The Sam Bankman-Fried led exchange is currently battling with its competitor Binance. Related Reading: Crypto Will Eventually Enjoy Mass Adoption, Mastercard CEO Says According to the report, the crypto exchange stopped processing withdrawals […]
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Users with bitcoin withdrawals in limbo have reported that the amounts are being returned to their Mt. Gox wallet balances. Japan-based bitcoin exchange Mt. Gox, the third-largest for trading the US dollar for bitcoin by 30-day volume, has announced it is temporarily pausing bitcoin withdrawals. The company has released a statement on its website that says the following: Dear MtGox Customers, During our efforts to resolve the issue being encountered by some bitcoin withdrawals it was determined that the increase in withdrawal traffic is hindering our efforts on a technical level. As to....
Binance, the world’s largest crypto exchange with over 28 million users, said early Monday that it had temporarily suspended all crypto withdrawals on its website. The exchange attributed it to “a large backlog.” We have temporarily disabled all crypto withdrawals on https://t.co/QILSkzx7ac due to a large backlog. Rest assured our team is working on it […]
Just days following an explanation that withdrawal delays were only affecting some customers, all users of the Japan-based bitcoin exchange Mt. Gox will be unable to withdraw their money, according to a statement released today. "In our efforts to resolve the issue being encountered by various bitcoin withdrawals, it was determined that the increase in the flow of withdrawal requests has hindered our efforts on a technical level. To understand the issue thoroughly, the system needs to be in a static state," the statement reads. "In order for our team to resolve the withdrawal issue it is....
The Singapore-based cryptocurrency exchange Zipmex is the most recent in a line of crypto businesses to halt user withdrawals and transactions “until further notice.” Zipmex Halts Customer Withdrawals In light of the unstable market conditions, the cryptocurrency exchange Zipmex on Wednesday suspended users from withdrawing their cryptocurrencies. The exchange announced the decision on Twitter on […]
Bitcoin exchange Kraken put a brief halt on US dollar withdrawals and suspended USD deposits today, offering customers a 2% bonus to convert their balances to euros (EUR). "Many USD withdrawals have been delayed beyond a limit we can accept, and it reflects poorly on our service," a customer support representative said. "All pending USD withdrawals not already in transit are being cancelled and the funds will be automatically credited back to your account." Customers can now select the 'Convert USD to EUR' option on its support page, either for one withdrawal or the entire account.....