Coin Edition -
- Binance users are unable to withdraw their asset holdings from the exchange.
- Following Binance’s guilty plea, the platform saw a massive outflow that surpassed $1 billion in one day.
- The community withdrew assets in response to Binance CEO Changpeng Zhao’s resignation.
The world’s largest crypto exchange, Binance, has been creating shockwaves in the crypto economy with Changpeng Zhao’s guilty plea and his subsequent resignation. Though the following 24 hours saw massive outflows from Binance, customers are unable to withdraw their holdings at present.
Edward Farina, the CEO of Alpha Lions Academy, a prominent player in the blockchain industry, recently took to X (formerly Twitter) to bring attention to the current inconsistencies in the Binance platform. While Binance permits deposits, the same payment method restricts customers from using card services to withdraw assets.
BREAKING: