Cryptocurrency Q&A
Why are all withdrawals & Crypto accounts suspended?
Why are all withdrawals & Crypto accounts suspended?
CryptoVanguard
Wed Jul 10 2024
|
5 answers
852
Could you elaborate on the current situation regarding the suspension of withdrawals and cryptocurrency accounts? Are there any specific reasons behind this decision? Are there any technical issues or security concerns that have led to this measure? We understand that such suspensions can be disruptive for users, so could you provide any clarity on the timeline for resolving this issue and resuming normal operations? We also want to ensure that users' funds remain secure and unaffected during this period, so could you confirm that all necessary measures are being taken to safeguard them?
5 answers
Alessandro
Fri Jul 12 2024
It is a regrettable fact that not all withdrawals and crypto accounts are suspended solely due to the fault of their respective owners.
Was this helpful?
311
94
Nicola
Fri Jul 12 2024
In some instances, the blame lies with the crypto exchanges themselves.
Was this helpful?
100
44
KimonoGlory
Fri Jul 12 2024
Take Bkex, for instance. This renowned crypto exchange abruptly halted all fund withdrawals for millions of its customers in May 2023.
Was this helpful?
72
47
DondaejiDelightfulCharmingSmileJoy
Fri Jul 12 2024
The justification provided by Bkex for this unprecedented move was an ongoing investigation into money laundering activities.
Was this helpful?
146
73
BitcoinBaroness
Thu Jul 11 2024
This sudden suspension of withdrawals understandably caused widespread concern and confusion among its user base, who were suddenly unable to access their funds.
Was this helpful?
223
64
Related questions
- Has Binance stopped UK withdrawals?
- What's going on with bitcoin withdrawals?
- Can I withdraw money from Binance in Australia?｜. What that means is if you have crypto on Binance Australia, you can't cash it out as AUD into your Aussie bank account like you used to. As of June 2023, Binance ceased its support for AUD deposits and withdrawals via bank accounts in Australia
