Tag: halt

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Binance halts Bitcoin withdrawals for the second time in 12 hours

May 8, 2023

The crypto exchange said it temporarily closed BTC withdrawals due to a “large volume of pending transactions.” Crypto exchange Binance halted Bitcoin (BTC) withdrawals for the second time on May 8, citing a large backlog of pending withdrawals. Binance tweeted on May 8 that it closed off BTC withdrawals “temporarily” as there was a “large…
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Crypto.com commits to proof-of-reserves after halting certain deposits and withdrawals

November 10, 2022

“We share the belief that it should be necessary for crypto platforms to publicly share proof of reserves,” the Crypto.com CEO said. Kris Marszalek, CEO of cryptocurrency exchange Crypto.com has become the latest crypto company promising to publish “audited proof of reserves,” amid the downfall of rival exchange FTX.  “We share the belief that it…
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