Binance has temporarily suspended withdrawals while it verifies that the operating environment is safe, according to a post from Binance co-founder Yi He cited by ChainCatcher. Yi He said the move was taken for security reasons and thanked users for their understanding and support. She also said user funds remain safe, using the phrase "SAFU." In the same update, Yi He thanked the World Liberty Financial team for helping freeze $27 million in USD1 and 48 million WLFI, which she said were worth about $2 million. No further timeline for resuming withdrawals was provided in the brief update.
Binance has suspended withdrawals for now as it checks that the relevant environment is safe, according to ChainCatcher, which cited a post from Binance co-founder Yi He.
Yi He said the pause was put in place for security reasons. She thanked users for their understanding and support, and added that user funds are safe, or "SAFU."
She also thanked the World Liberty Financial team for helping freeze $27 million in USD1 and 48 million WLFI, which she said were worth about $2 million.
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