Binance responds to ZEC withdrawal issue: It is due to a technical failure in the ZEC application using Ledger, and withdrawals are expected to resume before April 17

ChainCatcher message, Binance Customer Support responded to users on social media regarding the ZEC withdrawal issue, stating, "We have noticed that some users are experiencing issues when withdrawing ZEC assets from their Binance accounts. This problem stems from a technical failure in the ZEC application when using Ledger, which has temporarily prevented some funds from being transferred out. Currently, all funds remain securely stored in cold wallets, and user assets are safe (SAFU).

We are working closely with the Ledger team to actively push for a resolution to the issue and greatly appreciate their support. They have prioritized the release of the relevant version and expect to complete the update by April 17, at which point we will gradually restore the ZEC withdrawal functionality. In the meantime, we are also actively exploring temporary solutions to minimize the impact of this issue on users."