{"id":62822,"date":"2022-06-13T13:36:52","date_gmt":"2022-06-13T10:36:52","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=62822"},"modified":"2025-09-05T20:16:50","modified_gmt":"2025-09-05T17:16:50","slug":"binance-will-not-support-litecoin-ltc-deposits-and-withdrawals-via-the-mimblewimble-extension-block-privacy-feature","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/binance-will-not-support-litecoin-ltc-deposits-and-withdrawals-via-the-mimblewimble-extension-block-privacy-feature\/","title":{"rendered":"Binance will not support Litecoin (LTC) deposits and withdrawals via the MimbleWimble Extension Block privacy feature"},"content":{"rendered":"<p>The cryptocurrency exchange Binance will not support deposits and withdrawals of Litecoin (LTC) using the privacy feature.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/Binance?src=hash&#038;ref_src=twsrc%5Etfw\">#Binance<\/a> will not support the deposits and withdrawals of <a href=\"https:\/\/twitter.com\/litecoin?ref_src=twsrc%5Etfw\">@litecoin<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24LTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$LTC<\/a> utilising MimbleWimble Extension Blocks (MWEB).<a href=\"https:\/\/t.co\/YZRrIgXJzF\">https:\/\/t.co\/YZRrIgXJzF<\/a><\/p>\n<p>\u2014 Binance (@binance) <a href=\"https:\/\/twitter.com\/binance\/status\/1536251720564887552?ref_src=twsrc%5Etfw\">June 13, 2022<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Wider scalability and enhanced privacy features emerged after the activation on the Litecoin mainnet of the MimbleWimble Extension Block (MWEB) update. The protocol employs several technologies, including confidential transactions and <a href=\"https:\/\/forklog.news\/chto-takoe-coinjoin-chto-takoe-zerolink-chto-takoe-stonewall\/\">CoinJoin<\/a>, which hides the inputs and outputs of senders and recipients, as well as aggregating multiple operations into a single one.<\/p>\n<p>Binance warned that this could put funds at risk, as the exchange would not be able to identify the sender or recipient for their return.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>To safeguard the security of your funds, please do not deposit LTC via the MWEB feature,<\/p>\n<\/blockquote>\n<p>Earlier, major South Korean exchanges <a href=\"https:\/\/forklog.news\/bithumb-i-upbit-dopustili-delisting-litecoin-posle-obnovleniya-mimblewimble\/\"> \u0437\u0430\u044f\u0432\u0438\u043b\u0438<\/a> about the possibility of delisting the asset, citing violations of local law.<\/p>\n<p>In June, the Upbit platform <a href=\"https:\/\/forklog.news\/bitkoin-birzha-upbit-obyavila-o-delistinge-litecoin\/\"> Upbit \u043f\u0440\u0435\u0434\u0443\u043f\u0440\u0435\u0434\u0438\u043b\u0430 \u043f\u043e\u043b\u044c\u0437\u043e\u0432\u0430\u0442\u0435\u043b\u0435\u0439<\/a> that it would delist LTC and advised withdrawing funds by July 20.<\/p>\n<p>As reported, Elliptic added on the platform tools to track Litecoin transactions on the blockchain after the activation of MWEB.<\/p>\n<p>Subscribe to ForkLog&#8217;s channel on <a href=\"https:\/\/www.youtube.com\/channel\/UCC9FnXTC8_ENzaNSO5cHQ6g\" target=\"_blank\" rel=\"nofollow noopener\"> YouTube<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The cryptocurrency exchange Binance will not support deposits and withdrawals of Litecoin (LTC) using the privacy feature.<\/p>\n","protected":false},"author":1,"featured_media":62823,"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":[744,209],"class_list":["post-62822","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-binance","tag-litecoin"],"aioseo_notices":[],"amp_enabled":true,"views":"38","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/62822","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=62822"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/62822\/revisions"}],"predecessor-version":[{"id":62824,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/62822\/revisions\/62824"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/62823"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=62822"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=62822"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=62822"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}