Binance Suspends Ethereum and ERC-20 Token Withdrawals Before Quickly Reversi...

Binance Suspends Ethereum and ERC-20 Token Withdrawals Before Quickly Reversi...

The rollercoaster-ride in cryptocurrency prices on Monday was accompanied by Binance’s fresh restrictions for ethereum and ERC-20 tokens. Ethereum Network Congestion Fingered as the Culprit for the Temporary Halt Through the official Binance Twitter account, one of the world’s largest cryptocurrency exchanges by volume, announced that it had “temporarily suspended withdrawals of $ETH and ethereum-based tokens” due to network congestion while underscoring that user funds were SAFU (Secure Asset Fund for Users). #Binance has temporarily suspended withdrawals of $ETH....


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