Binance said in a post on X that it had identified a cryptocurrency withdrawal problem affecting some users because of a technical error. The exchange said its technical team is working to restore withdrawals to normal and will provide another update once services are fully recovered. Binance also said user funds remain safe.
The update came after earlier concerns around a suspected attack involving a Binance hot wallet. According to on-chain data cited in the report, related asset outflows may have reached as much as $5.6 billion. Binance had previously said user funds were fully secure and that it was still investigating a potential security issue. The company did not provide a timeline for full restoration in the statement cited by PANews.
Binance said in a post on X that it had noticed some users were unable to withdraw cryptocurrencies because of a technical error. The exchange said its technical team is working to restore withdrawals to normal and will issue an update once the service is fully recovered. Binance added that user funds are safe.
The statement followed earlier concerns over a suspected attack involving a Binance hot wallet. According to on-chain data cited in the report, related asset outflows may have reached $5.6 billion. Binance had previously said user funds were fully secure and that it was still investigating a potential security issue.
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