Binance Pauses Withdrawals Briefly Due to Technical Glitch

Quick Response and Limited Disruption

Binance acknowledged the problem almost immediately on X. Within minutes, they assured users that the team was working on a fix. By 02:36 GMT, Binance announced that withdrawals had resumed and systems were running normally. While no detailed explanation was offered, the exchange framed it as a minor technical issue.

The platform did not indicate any broader changes to infrastructure or new preventive measures at this stage. However, the rapid response helped contain any serious fallout.

Not the First Time

This wasn’t the first time Binance paused withdrawals. The platform has experienced similar disruptions in the past. Here are a few notable examples:

• March 2023: Deposits and withdrawals were paused due to a bug affecting trailing stop orders. Trading was briefly impacted but resumed within hours.
• October 2025: BNB withdrawals were suspended on the BSC network. The issue was resolved on the same day.
• July 2023: Withdrawals of tokens bridged via Multichain were halted due to external protocol concerns. The suspension persisted for those tokens.
• June 2022: Bitcoin withdrawals were paused due to stuck on-chain transactions during a market sell-off. They resumed the same day.
• November 2021 & December 2022: Withdrawals were temporarily paused due to backlog and USDC-related delays, respectively.

Most of these incidents were resolved swiftly, though they occasionally triggered concern within the crypto community.

Community Reaction: FUD Catches More Fire

The crypto community had mixed reactions. Some users raised alarms, referencing past exchange failures like FTX. Phrases like “not your keys, not your coins” resurfaced, alongside calls to withdraw funds. Others pointed to on-chain stablecoin outflows and speculated about Binance’s solvency.

However, some users took a more measured stance. They credited Binance for transparent communication and rapid recovery, viewing the episode as a standard technical hiccup rather than a crisis. Still, the brief halt fueled fresh waves of FUD, especially in a market already on edge.

The FUD around CZ and Binance over the past couple of weeks just got more fire with this issue as X is flooded with accusation posts and articles. The timing could not have been worse for Binance’s position.

What to Watch Next

In the coming days, it’s worth monitoring whether Binance provides a more technical post-mortem or introduces safeguards to avoid similar issues. Additionally, any unusual patterns in fund flows or regulatory scrutiny could indicate broader concerns. As centralized exchanges remain vital to crypto infrastructure, even short outages now serve as real-time stress tests for both systems and public confidence.