Binance.US: The BCH withdrawal issue was due to a technical problem and has now been resolved

2023-07-12 08:50:16

Collection

ChainCatcher message, Binance.US tweeted to explain the recent withdrawal issues with BCH, stating that Binance.US maintains a 1:1 reserve. The previous suspension of BCH withdrawals was due to a technical issue with Binance.US's deposit rollover system, which caused customers' BCH deposit addresses not to be automatically rolled over. Under normal circumstances, the system automatically rolls over funds from customers' personal deposit wallets to the platform's hot wallet based on pre-set thresholds, and ultimately transfers the funds to cold wallets. Therefore, the team suspended BCH withdrawals. Currently, the issue has been resolved, and the operations of deposits, hot wallets, and cold wallets have returned to normal. Since Sunday night, all BCH withdrawals on the network have been functioning normally. (source link)

(Source Link)

Related tags

Binance.US Binance BCH

ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.