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XMR withdrawals suspended in Binance

#1

Hey all Incognito fellows,

Binance suspended XMR withdrawals a few days ago. However, it does not announce it globally. If you contact with the support, it says that a wallet issue exists. I think Binance hides something. The community thinks that Binance has XMR liquidity problems and more. There is some speculation here:

Anyway, it’s time to promote Incognito pDEX to XMR community :slight_smile: FYI.

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#2

Thanks for sharing. I’ll be cautious not to buy XMR there.

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#3

Thanks CZ, very cool

Edit: looks like there may be a liquidity issue going on. Speculation that Binance didn’t have enough reserves and was naked selling:

https://changenow-io.medium.com/monero-a-statement-226365c492a7

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