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nieve | 3 years ago

https://www.cnbc.com/2022/12/13/crypto-exchange-binance-temp...

"Binance, the world's largest cryptocurrency exchange, paused withdrawals of the stablecoin USDC on Tuesday while it carried out a "token swap." USDC withdrawals were resumed about 8 hours after Binance first announced the pausing of withdrawals. Changpeng Zhao, CEO of Binance, tweeted on Tuesday that the exchange is seeing an increase in withdrawals of USDC."

Strategically timed 8 hour stoppages are not a sign things are going well.

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