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"Crypto Exchange Binance to Suspend US Dollar Bank Transfers This Week"
Primary Source ↗Incident Details
Binance announced that they would be “temporarily suspending USD bank transfers” with two days notice.This comes in the wake of various crypto exchanges — Binance included — appearing to have difficulties with banking. On January 21, Binance announced that users wouldn’t be able to use SWIFT for transfers below $100,000 via Signature Bank. Meanwhile, Crypto.com’s Lithuanian payment processor, Transactive, has faced a crackdown from the Lithuanian banking regulator leaving Crypto.com users without access to Euro-denominated deposits and withdrawals.
Technical Details
- Vendor / Product
- Binance suspends USD bank transfers
Timeline
- 2023-02-06 Breach occurred
- 2023-02-06 Publicly disclosed