Binance have locked ADA withdrawals for over 24 hours now. You can deposit ADA, Buy & Sell ADA, but they won't let you withdraw. IMO this is super unethical and most likely due to their own interest in staking rewards (whether you choose to engage in their "locked staking" or not).
This "Suspension" as they call it isn't due to any hard forks or network upgrades. They are simply preventing users from taking their ADA & reducing the exchange's liquidity. In the last couple of hours they've unsuspended withdrawals but now all users are experiencing "Rejected" messages with a note saying "Network Congestion" even though there is no network congestion that I can see or that any other pools are reporting.
There's definitely a lot of shady behaviour going on and I just want people to proceed with caution before trusting their funds with them. I can't imagine depositing money in a bank then not being able to withdraw it, so I have no idea why it's happening in the crypto world.
[link] [comments]
You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.
Comments