{"id":71294,"date":"2022-12-11T13:43:49","date_gmt":"2022-12-11T11:43:49","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=71294"},"modified":"2025-09-08T07:49:32","modified_gmt":"2025-09-08T04:49:32","slug":"binance-halts-withdrawals-of-several-assets-amid-anomalous-price-swings","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/binance-halts-withdrawals-of-several-assets-amid-anomalous-price-swings\/","title":{"rendered":"Binance halts withdrawals of several assets amid anomalous price swings"},"content":{"rendered":"<p>The cryptocurrency exchange Binance has halted withdrawals for a number of assets and restricted the accounts of some users due to &#8216;anomalous price movements in certain trading pairs&#8217;.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">This activity does not appear to be due to compromised accounts or stolen API keys; funds are SAFU. <\/p>\n<p>We will update this thread should there be any new information.<\/p>\n<p>\u2014 Binance (@binance) <a href=\"https:\/\/twitter.com\/binance\/status\/1601851961686560769?ref_src=twsrc%5Etfw\">December 11, 2022<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u00abWe are aware of anomalous price movements in some trading pairs on Binance, including assets such as SUN, ARDR, OSMO, FUN and GLM. [\u2026] This activity is not related to compromised accounts or stolen API keys; funds are safe\u00bb, \u2014 said the exchange in a statement.<\/p>\n<\/blockquote>\n<p>The events appear to date from December 10. For example, Cosmo (OSMO) quotes on Binance surged 460% at one point, before crashing back near previous levels. A similar pattern was observed in the other assets mentioned.<\/p>\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped wp-block-gallery-1 is-layout-flex wp-block-gallery-is-layout-flex\">\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"425\" data-id=\"193039\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Glmusd_2022-12-11_13-17-01-1024x425.png\" alt=\"Glmusd_2022-12-11_13-17-01\" class=\"wp-image-193039\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/Glmusd_2022-12-11_13-17-01-1024x425.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/Glmusd_2022-12-11_13-17-01-300x125.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/Glmusd_2022-12-11_13-17-01-768x319.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/Glmusd_2022-12-11_13-17-01-1536x638.png 1536w, https:\/\/u1f987.com\/wp-content\/uploads\/Glmusd_2022-12-11_13-17-01.png 1813w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>Time-series chart GLM\/USD on Binance. Data: <a href=\"https:\/\/www.tradingview.com\/symbols\/GLMUSD\/?exchange=BINANCE\">TradingView<\/a>.<\/figcaption><\/figure>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"467\" data-id=\"193038\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Osmousd_2022-12-11_13-16-53-1024x467.png\" alt=\"Osmousd_2022-12-11_13-16-53\" class=\"wp-image-193038\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/Osmousd_2022-12-11_13-16-53-1024x467.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/Osmousd_2022-12-11_13-16-53-300x137.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/Osmousd_2022-12-11_13-16-53-768x350.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/Osmousd_2022-12-11_13-16-53-1536x700.png 1536w, https:\/\/u1f987.com\/wp-content\/uploads\/Osmousd_2022-12-11_13-16-53.png 1813w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>Time-series chart OSMO\/USD on Binance. Data: <a href=\"https:\/\/www.tradingview.com\/symbols\/OSMOUSD\/\">TradingView<\/a>.<\/figcaption><\/figure>\n<\/figure>\n<p>According to Binance CEO Changpeng Zhao, during the investigation the company found that the anomalous price fluctuations were linked to &#8216;market behaviour&#8217;. He added that Binance temporarily blocked withdrawals for accounts that &#8216;made profits&#8217; from the relevant trades.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">We temporarily locked withdrawals on some of the profiting accounts, which caused a lot of complaints on social media, all from different countries. 2\/3 <a href=\"https:\/\/t.co\/nWSBhn3GrE\">https:\/\/t.co\/nWSBhn3GrE<\/a><\/p>\n<p>\u2014 CZ \ud83d\udd36 Binance (@cz_binance) <a href=\"https:\/\/twitter.com\/cz_binance\/status\/1601860941397708800?ref_src=twsrc%5Etfw\">December 11, 2022<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u00abWe are aware of the notion of excessive platform intervention, &#8216;overly centralized&#8217; attacks, and so on. There is a balance in how much we should intervene. Sometimes such measures are necessary in a free market, and we had to end it,\u00bb he added.<\/p>\n<\/blockquote>\n<p>In November 2022, Binance <a href=\"https:\/\/u1f987.com\/en\/news\/binance-tops-up-safu-fund-to-1-billion\">expanded the size of the <span data-descr=\"Secure Asset Fund for Users; Fund for the safety of user assets\" class=\"old_tooltip\">SAFU<\/span>-fund to $1 billion<\/a>.<\/p>\n<p>Follow ForkLog&#8217;s Bitcoin news on our <a href=\"\/\/telegram.me\/forklog\" target=\"\u201c_blank\"\" rel=\"\u201cnofollow\u201d noopener\">Telegram<\/a> \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The cryptocurrency exchange Binance halted withdrawals for a number of assets and restricted the accounts of some users due to &#8216;anomalous price movements in certain trading pairs&#8217;.<\/p>\n","protected":false},"author":1,"featured_media":71295,"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-71294","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":"19","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/71294","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=71294"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/71294\/revisions"}],"predecessor-version":[{"id":71296,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/71294\/revisions\/71296"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/71295"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=71294"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=71294"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=71294"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}