Binance Halts Withdrawals As the FTX Implosion Continues To Weigh Down on Crypto Market

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BNB, Binance’s own token was trading 5% lower on Tuesday morning, according to data from CoinGecko.

It’s not normally good news when a crypto firm has to pause withdrawals. In the summer, crypto firms including lender Celsius had to pause withdrawals before ultimately filing for bankruptcy. There is no indication of any such trouble for Binance.

 

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