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Binance, the world’s leading cryptocurrency exchange, increased withdrawals to 12 hours, causing users to react.
There was a huge fund outflow on the Binance exchange the other day. According to some media reports, users have withdrawn nearly $3 billion in 24 hours. Then, news began to appear online that Binance, one of the world’s largest cryptocurrency exchanges, was delaying payments.
Other users are also complaining about withdrawal problems. Serious investors are more and more skeptical of delays in payments, despite assurances from Binance CEO Changpeng Zhao that “Binance will survive any crypto crisis.” Users are also asked about the reliability of Binance’s reserve information.