Binance has temporarily suspended withdrawals of ETH and Ethereum-based tokens i

[jenny1130]

Binance on Twitter:

''#Binance has temporarily suspended withdrawals of $ETH and Ethereum-based tokens in order to address a congestion issue. Rest assured funds are #SAFU and we apologize for any inconvenience caused. Updates to follow.''

What is this bs? Ethereum is nowhere near congested at this time even though fees are high. Seems like a cheap trick of Binance to push BNB and BSC onto their customers. This is why we need DEX's, no central authority who decides when we can withdraw or move funds around. Bad move Binance.



Twitter link: https://twitter.com/binance/status/1362746733726416898?s=20

[shield132]

BNB seems good for trading (for me) but Binance has problems at the moment, I can't even trade, F*** it.

[Little Mouse]

It seems you are right, the target is to boost their BSC and boost BNB price. Binance is always the best to manipulate such things.
They targeted to be the crypto monopoly, they have partially achieved it. This is part of that process.
Just to say you, you should move this thread to altcoin service discussion.

[bitmover]

''#Binance has temporarily suspended withdrawals of $ETH and Ethereum-based tokens in order to address a congestion issue. Rest assured funds are #SAFU and we apologize for any inconvenience caused. Updates to follow.''

 I am amazed by the fact that the network is only congested to withdrawal, but it is not congested to deposit ETH or ERC-20 tokens.

Very convenient for binance.

[jenny1130]

BNB seems good for trading (for me) but Binance has problems at the moment, I can't even trade, F*** it.

Centralized transactions that temporarily suspend blockchain withdrawals are nothing new. Binance has done it many times on Ethereum in the past, even before Binance Chain and Binance Smart Chain appeared, and will continue to do so as needed. The same is true for Binance Chain and Binance Smart Chain, which have also suspended withdrawals many times.

All chain stores will need maintenance or encounter problems, and will need to be temporarily suspended. Just because BNB has grown exponentially in the past few weeks, there is no conspiracy. A little common sense and critical thinking can go a long way.

[jenny1130]

It seems you are right, the target is to boost their BSC and boost BNB price. Binance is always the best to manipulate such things.
They targeted to be the crypto monopoly, they have partially achieved it. This is part of that process.
Just to say you, you should move this thread to altcoin service discussion.

I am amazed by the fact that the network is only congested to withdrawal, but it is not congested to deposit ETH or ERC-20 tokens.

Very convenient for binance.
[/quote]This is what I have been telling people for a few days, because I have been seeing the rapid growth of BNB. We may all be dancing with our unpopular gains now, but please rest assured that this is not a way to bring encryption into the mainstream in the form we all want. I know it can be daunting to wait for ETH 2.0 or Polkadot or Cardano to fully flesh out their products, but we need to be decentralized to keep the core part of the crypto ecosystem, otherwise we just transfer control of the financial system from the government to the company