Due to a “technical issue,” cryptocurrency withdrawals on Binance are currently not possible, as to a post on the exchange’s X account.
“We are experiencing a technical issue with crypto withdrawals,” the post said. “As a result, they are temporarily unavailable whilst our team works on the fix. Fiat withdrawals are available and working. All funds are SAFU. We apologize for the inconvenience and will update on progress.”
The notice was released eighteen minutes after one of the exchange’s wallets processed a withdrawal at 10:45 UTC, according to etherscan.The outage occurs following a record-breaking $100 billion in trading volume across all cryptocurrency markets on Tuesday—the largest daily volume since the November 2022 crash of FTX.