It’s been over two weeks since the popular cryptocurrency exchange Binance suspended all withdrawals from its US platform. Binance.US, as it’s called, is a joint venture between Binance and an American fintech company.
It was launched only a few months ago in September 2019. The suspension of withdrawals has caused a great deal of speculation among users, with some even suggesting that the platform may be insolvent.
Binance has not given any official explanation for the suspension of withdrawals other than to say that it is “in line with our commitment to compliance” and that they are “working diligently to restore full functionality as soon as possible.” However, there are several theories as to what may have caused the suspension.
One theory is that Binance may be under investigation by US regulators. Another possibility is that the suspension could be related to the recent hack of 7,000 Bitcoin from Binance’s hot wallet.
However, Binance has denied that the hack had anything to do with the suspension of withdrawals.
Whatever the reason for the suspension, it has caused a great deal of inconvenience for users of the platform. Many have been unable to access their funds for over two weeks now.
Some have even taken to social media to vent their frustration.
Binance has said that it is working hard to resolve the issue and restore full functionality to its US platform as soon as possible. In the meantime, users will just have to wait patiently for withdrawals to be resumed.
What happened to my Binance account US? This is a question many Americans are asking after the popular cryptocurrency exchange suspended all withdrawals from its US platform earlier this month. While Binance has not given an official explanation for the suspension, there are several theories as to what may have caused it. One possibility is that Binance is under investigation by US regulators. Whatever the reason for the suspension, it has caused a great deal of inconvenience for users of the platform who are unable to access their funds. Binance has said that it is working hard to resolve the issue and restore full functionality to its US platform as soon as possible.