Coin

<ul class="news-points"> 
 <li><strong>Binance users are unable to withdraw their asset holdings from the exchange.</strong></li> 
 <li><strong>Following Binance’s guilty plea, the platform saw a massive outflow that surpassed $1 billion in one day.</strong></li> 
 <li><strong>The community withdrew assets in response to Binance CEO Changpeng Zhao’s resignation.</strong></li> 
</ul> 
<p>The <a href="https://coinedition.com/binance-exchange-review/">world’s largest crypto exchange, Binance</a>, has been creating shockwaves in the crypto economy with Changpeng Zhao’s guilty plea and his subsequent resignation. Though the following 24 hours saw massive outflows from Binance, customers are unable to withdraw their holdings at present.</p> 
<p>Edward Farina, the CEO of Alpha Lions Academy, a prominent player in the blockchain industry, recently took to X (formerly Twitter) to bring attention to the current inconsistencies in the Binance platform. While Binance permits deposits, the same payment method restricts customers from using card services to withdraw assets.&nbsp;&nbsp;</p> 
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">BREAKING: <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"><a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Binance</a> is currently unable to provide card withdrawals to card services.<br><br>You can deposit your money in, but you can’t take it out with the same payment method. <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/26a0.png" alt="⚠" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/AG332Kia8z" target="_blank" rel="nofollow">pic.twitter.com/AG332Kia8z</a></p>— EDO FARINA 🅧 XRP (@edward_farina) <a href="https://twitter.com/edward_farina/status/1727685276259258691?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">November 23, 2023</a>
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  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
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</figure> 
<p>Farina’s tweet…</p>
<p>The post <a href="https://coinedition.com/binances-massive-outflow-resulted-in-the-suspension-of-withdrawal/">Binance’s Massive Outflow Resulted in the Suspension of Withdrawal</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

Binance’s Massive Outflow Resulted in the Suspension of Withdrawal

Coin Edition

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