why is ripple suspended in binance

why is ripple suspended in binance?

#Binance has also temporarily suspended withdraws for: 🔸 BTC 🔸 XRP 🔸 DOGE 🔸 USDT (BEP20) 🔸BUSD (BEP20) This is due to a build-up of withdrawal requests. Our team is working on it. Thank you for your patience and apologies for any inconvenience caused.

Regarding this,Why is Binance suspended XRP?

A Binance spokesperson wrote to MarketWatch in an email that the suspension was due to “a database system issue” that affected the exchange’s withdrawal service. “At no times were users funds at risk,” the spokesperson wrote.

Beside above,Why would a Binance deposit be suspended?

Fellow Binancians, Following the security breach that occurred on the Ronin (RON) network, the Binance investigations team is supporting the Axie Infinity team with tracking transactions related to its network bridge, in a bid to identify the hacker.

Subsequently,How long will Binance withdrawal be suspended?

“Due to the complex nature of the issue, we expect DOGE network withdrawals to be suspended for the next 10 to 14 days” as of Nov.

Keeping this in consideration,Has Binance suspended withdrawal?

Besides supporting the Axie Infinity team and law enforcement in the investigation, Binance said it has suspended all deposits and withdrawals on the Ronin network and blocked potential hacker addresses, with a dedicated monitoring team watching for any unusual transactions.

Related Question Answers Found

Why matic withdrawal suspended Binance?

Deposits and Withdrawals on Binance via the Polygon (MATIC) Network Temporarily Paused | Binance… This suspension is due to the network wide issues of the Polygon network. #Binance is working with Polygon to resolve the situation. Deposits of $MATIC during the suspension will be credited when the issue is fixed.

Why withdrawal is disabled in Binance?

Binance, the world’s largest crypto exchange, temporarily disabled all crypto withdrawals for a time on Monday due to a large backlog. Withdrawals were resumed about 25 minutes after the stoppage was announced to customers on its Twitter account Monday.

How long is Binance withdrawal maintenance?

about one hourThe maintenance will take about one hour. Please note: Withdrawals on the affected networks will be suspended starting from 2022-01-10 06:25 AM (UTC).

Can I withdraw XRP from Binance?

It is possible to withdraw funds from your Binance account. But in order to make that possible, you will have to go through a specific withdrawal process. It’s not hard, but following every step is necessary if you want everything to go smoothly.

Is Binance or Coinbase better?

Coinbase is best for buy and hold investors who want to purchase a currency and hold it for the long term. Binance offers much lower fees per transaction, as well as incentivizing high-volume traders with their fee structure. While they use a maker-taker fee structure, both the maker and taker fees are identical.

Why is my spot account disabled?

If there are abnormal activities in your account, the withdrawal function will also be temporarily disabled. There will be an error message in the user center as follows: There is some abnormal activity with your withdrawals. Please click HERE to verify your identity in order to resume your account withdrawal function.

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