Paragraph 1 (2–4 sentences)
Binance and ByBit have reportedly begun withdrawal freezes. Binance and Bybit paused withdrawals during a crypto sell-off. Binance and ByBit have reportedly begun freezing withdrawals as a broad crypto sell-off took hold.
Paragraph 2 (2–4 sentences)
Users noted that withdrawal processing was paused at both exchanges amid the market turmoil. The moves came as liquidity concerns and elevated volatility swept across crypto markets. Both exchanges acknowledged the pauses through customer notices and support channels.
Paragraph 3 (optional, 2–4 sentences)
At press time, there was no publicly stated timeline for resuming withdrawals. Traders will be watching further updates from Binance and ByBit.
Leave a Reply