Binance temporarily halts withdrawals of stablecoin USDC as investor concerns mount after FTX collapse

The move comes as investor concerns grow about Binance's stability following the collapse of rival exchange FTX as well as a report of a potential criminal investigation from the U.S. government.Jakub Porzycki | Nurphoto | Getty Images

The move comes as investor concerns grow about Binance's stability following the collapse of rival exchange FTX as well as a report of a potential criminal investigation from the U.S. government. Changpeng Zhao, CEO of Binance, tweeted on Tuesday that the exchange is seeing an increase in withdrawals of USDC, a cryptocurrency known as a stablecoin because it is pegged one-to-one with theUSDC is used by investors to trade in and out of different cryptocurrencies without the need to move money back into U.S. dollars. If traders are withdrawing USDC from Binance, it could be to move it onto another platform.

Everyone who invested and invests in Bitcoin knows it was high risk. When you gamble expect to loose.

why are all the problems always with USDC

I'm not surprised. There are new problems with USDc every day. It's time to sell it guys.

Next shoe to drop?

Love seeing these posts

And then max bidding.

mikealfred How big is your BNB short

FUD lv. 9000+

42 billion here, 42 billion there, sooner or later you are talking about real money!

Inverse still working 🤣

Jesus it’s a token exchange and withdrawals will be back up within hours. Wow, the FUD is amazing…maybe a little context ?

People get panicked for nothing or did something really going on behind the scene

Circle should definitely conduct audit

« Stable » Coin

Fugazi

Even the ace card in the pack is starting crap itself

shhhit 🛑 Binance, get ready for folks for ftx vibes

ITS JOKE JUST DO SOME DILIGENCE WORK

Western media are fudding at full force

WeAreSaitama download SaitaPro.

Oh look more FUD.

Haha Bullish

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