Binance seeks 48 hour fix for crypto withdrawal suspension

Community Trust Score Verified 92 % Real Verified 36 votes Updated 9 minutes ago Binance aims to resume crypto withdrawals within 48 hours following a security incident with an estimated $6 billion impact. While withdrawals are suspended, deposits remain operational, allowing users to move assets into the exchange but not to external wallets. An Oct. 30 security update distinguished between global and regional operations. While the global platform reported normal deposits, Binance Japan initially noted that both deposits and withdrawals for all crypto assets were suspended, though trading continued. That initial notice reported no confirmed impact on customer assets.

Source: The Currency Analytics