{"id":52120,"date":"2021-11-01T14:58:58","date_gmt":"2021-11-01T12:58:58","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=52120"},"modified":"2025-09-03T08:38:41","modified_gmt":"2025-09-03T05:38:41","slug":"binance-resumes-cryptocurrency-withdrawals","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/binance-resumes-cryptocurrency-withdrawals\/","title":{"rendered":"Binance resumes cryptocurrency withdrawals"},"content":{"rendered":"<p>On Monday, November 1, Binance said it was suspending withdrawals of all cryptocurrencies.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">We have temporarily disabled all crypto withdrawals on <a href=\"https:\/\/t.co\/QILSkzx7ac\">https:\/\/t.co\/QILSkzx7ac<\/a> due to a large backlog. <\/p>\n<p>Rest assured our team is working on it with top priority. <\/p>\n<p>Thank you for your patience and apologies for any inconvenience caused.<\/p>\n<p>\u2014 Binance (@binance) <a href=\"https:\/\/twitter.com\/binance\/status\/1455137004333711364?ref_src=twsrc%5Etfw\">November 1, 2021<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<div class=\"wp-block-text-wrappers-update-2 article_update\"><time class=\"gtb_text-wrappers_update_time\">1 November 2021 | 15:27<\/time><span class=\"gtb_text-wrappers_update_head\">Update: <\/span><\/p>\n<p>Company representatives said withdrawals had been resumed. Users were warned of temporary delays.<\/p>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\">\n<p lang=\"en\" dir=\"ltr\">Crypto withdrawals have been resumed. <\/p>\n<p>There will be a temporary delay in withdrawal processing as the backlog is cleared. We expect this to last about 30 minutes.<\/p>\n<p>\u2014 Binance (@binance) <a href=\"https:\/\/twitter.com\/binance\/status\/1455143114037993475?ref_src=twsrc%5Etfw\">November 1, 2021<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<div class=\"wp-block-text-wrappers-update-2 article_update\"><time class=\"gtb_text-wrappers_update_time\">1 November 2021 | 15:55<\/time><span class=\"gtb_text-wrappers_update_head\">Update: <\/span><\/p>\n<p>Binance suspended withdrawals again. The company apologised to users.<\/p>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\">\n<p lang=\"en\" dir=\"ltr\">Update: crypto withdrawals have been closed again. <\/p>\n<p>We apologise for the inconvenience. Further updates will be shared in this thread.<\/p>\n<p>\u2014 Binance (@binance) <a href=\"https:\/\/twitter.com\/binance\/status\/1455148198734049284?ref_src=twsrc%5Etfw\">November 1, 2021<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div>\n<div class=\"wp-block-text-wrappers-update-2 article_update\"><time class=\"gtb_text-wrappers_update_time\">1 November 2021 | 17:06<\/time><span class=\"gtb_text-wrappers_update_head\">Update: <\/span><\/p>\n<p>Binance resumed withdrawals.<\/p>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\">\n<p lang=\"en\" dir=\"ltr\">Crypto withdrawals have been resumed. <\/p>\n<p>Thank you for your patience, and we apologise for any inconvenience caused.<\/p>\n<p>\u2014 Binance (@binance) <a href=\"https:\/\/twitter.com\/binance\/status\/1455169923026653185?ref_src=twsrc%5Etfw\">November 1, 2021<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div>\n<\/div>\n<p>According to company representatives, the reason was a large backlog of user withdrawal requests.<\/p>\n<p>Earlier, Bitcoin price on the Binance.US platform within a minute <a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-price-briefly-falls-to-8200-on-binance-us\">fell by 87%, to $8,200<\/a>. The incident was linked to a software bug in one institutional client&#8217;s system \u2014 its trading algorithm failed.<\/p>\n<p>Earlier in April, <a href=\"https:\/\/u1f987.com\/en\/news\/binance-suspended-bnb-withdrawals\">the exchange suspended Binance Coin withdrawals<\/a> amid record on-chain activity and heavy load on the platform, and in May the ability to <a href=\"https:\/\/u1f987.com\/en\/news\/binance-suspends-withdrawals-of-all-assets\">withdraw all assets<\/a> was temporarily disabled.<\/p>\n<p>Follow ForkLog news on <a href=\"https:\/\/twitter.com\/ForkLog\" target=\"_blank\" rel=\"nofollow noopener\">Twitter<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Binance announced it suspended withdrawals of all cryptocurrencies.<\/p>\n","protected":false},"author":1,"featured_media":52121,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[744,1166],"class_list":["post-52120","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-binance","tag-centralized-exchanges-cex"],"aioseo_notices":[],"amp_enabled":true,"views":"8","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/52120","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=52120"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/52120\/revisions"}],"predecessor-version":[{"id":52122,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/52120\/revisions\/52122"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/52121"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=52120"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=52120"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=52120"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}