🚀 CZ Recalls $15 Billion Withdrawal Test as Binance Faced Market Panic in 2022
#Binance #CZ #ProofOfReserves #Transparency #CryptoMarket #UserProtection #CryptoLiquidity #MarketStress #Withdrawals #CryptoSecurity #BinanceInfrastructure #Cryptocurrency #BNB
Changpeng Zhao (CZ), founder and former CEO of Binance, outlined how the exchange safeguards user funds during periods of extreme market volatility during a recent AMA session on Binance Square.Responding to questions about user protection during market turmoil, CZ emphasized that Binance operates as a fully reserved exchange supported by transparent, auditable systems.“Binance has proof of reserves. We are fully reserved,” CZ said. “Balances are audited, and everything is easy to track.”Proof of Reserves and Transparency at the CoreCZ highlighted transparency as one of Binance’s defining principles, noting that the exchange’s on-chain proof-of-reserves framework allows users and analysts to verify holdings independently.“We are the best in transparency,” he said, adding that public blockchain infrastructure makes asset tracking significantly easier compared with traditional financial systems.Proof of reserves became a central focus across the crypto industry following a series of exchange failures, increasing user demand for verifiable custody models.December 2022: A Major Stress Test for BinanceCZ referenced December 2022 as a critical moment that tested Binance’s infrastructure and liquidity resilience.During that period, Binance processed more than $15 billion in withdrawals within a single week, while the exchange’s total reserves stood at approximately $16 billion at the time.At the peak of market stress, CZ said Binance handled around $7 billion in withdrawals in a single day without disruption.“These were real stress tests,” he said.‘As Long as the System Is Working, It’s Working’CZ recalled that during the height of the withdrawal surge, he remained calm due to confidence in Binance’s reserve model and technical systems.“I remember that time very clearly,” he said. “I was still managing Binance. I was having dinner with friends, and they asked why I wasn’t busy.”His response, he explained, was simple: as long as systems function properly, operations continue normally.“As long as the system is working, it is working,” CZ said.#Binance #CZ #ProofOfReserves #Transparency #CryptoMarket #UserProtection #CryptoLiquidity #MarketStress #Withdrawals #CryptoSecurity #BinanceInfrastructure #Cryptocurrency #BNB
🚀 Binance to Suspend Zilliqa Network Transactions for Upgrade
#Binance #Zilliqa #ZIL #networkupgrade #hardfork #cryptocurrency #deposits #withdrawals #blockchain
According to the announcement from Binance, starting at approximately 2026-02-05 09:00 (UTC), the platform will temporarily suspend deposits and withdrawals of tokens on the Zilliqa (ZIL) network. This suspension is to facilitate a network upgrade and hard fork, aimed at enhancing user experience. The upgrade is scheduled to occur at the block height of 19,486,411, which is expected to be reached around 2026-02-05 10:00 (UTC).
The trading of tokens on the Zilliqa network will remain unaffected during this period. Binance assures users that it will manage all technical requirements related to the upgrade. Once the network is deemed stable post-upgrade, deposits and withdrawals will be reopened. No further announcements will be made regarding the reopening. Users are advised to refer to the original English version of the announcement for the most accurate information, as there may be discrepancies in translated versions.#Binance #Zilliqa #ZIL #networkupgrade #hardfork #cryptocurrency #deposits #withdrawals #blockchain
🚀 Hong Kong Victory Securities Suspends Crypto Trading for Mainland China Users
#HongKong #VictorySecurities #CryptoTrading #MainlandChina #Cryptocurrency #Regulations #SecuritiesAndFuturesCommission #NS3AI #Withdrawals #ChinaPolicies #NonMainlandResidents
Hong Kong Victory Securities has announced the suspension of cryptocurrency trading functions for users with Mainland China identities, effective February 9, 2026. According to NS3.AI, this decision allows only withdrawals for affected users and follows previous restrictions such as buying bans and address verification pauses. These measures are in compliance with regulations set by the Hong Kong Securities and Futures Commission and policies from Mainland China. Meanwhile, non-Mainland tax residents can continue to trade cryptocurrencies normally on the platform.#HongKong #VictorySecurities #CryptoTrading #MainlandChina #Cryptocurrency #Regulations #SecuritiesAndFuturesCommission #NS3AI #Withdrawals #ChinaPolicies #NonMainlandResidents
🚀 Binance to Conduct Tron (TRC20) Wallet Maintenance
#Binance #Tron #TRC20 #walletmaintenance #cryptocurrency #networkupgrade #deposits #withdrawals #blockchain #TRX
According to the announcement from Binance, the platform is scheduled to perform wallet maintenance for Tron (TRC20) on 2026-02-11 at 07:00 (UTC). To facilitate this maintenance, deposits and withdrawals on the Tron (TRC20) network will be temporarily suspended starting from 2026-02-11 at 06:55 (UTC). The maintenance is expected to last approximately one hour.
During this period, the trading of tokens on the Tron (TRC20) network will remain unaffected. Binance assures users that all technical requirements will be managed by the platform, ensuring a smooth process. Once the network upgrade is confirmed to be stable, deposits and withdrawals will be reopened. No further announcements will be made regarding the completion of the maintenance. Users are advised to refer to the original English version of the announcement for the most accurate information.#Binance #Tron #TRC20 #walletmaintenance #cryptocurrency #networkupgrade #deposits #withdrawals #blockchain #TRX
🚀 BlockFills Suspends Withdrawals Amid Market Volatility
#BlockFills #Cryptocurrency #Liquidity #MarketVolatility #Withdrawals #CryptoTrading #MarketStability
BlockFills, a cryptocurrency liquidity provider, has announced the suspension of all withdrawals due to escalating market stress. According to NS3.AI, this decision is a response to heightened volatility and challenges within the crypto liquidity and trading sectors. The halt in withdrawals underscores broader concerns regarding liquidity and market stability amid ongoing turbulent conditions.#BlockFills #Cryptocurrency #Liquidity #MarketVolatility #Withdrawals #CryptoTrading #MarketStability
🚀 New Wallet Withdraws 71.84 Million SIREN Tokens from CEX
#Wallet #Withdrawals #SIREN #CEX #ChainCatcher #Cryptocurrency #Profit #UnrealizedProfit
A newly created wallet has withdrawn 71.84 million SIREN tokens from a centralized exchange (CEX). According to ChainCatcher, this transaction currently shows an unrealized profit of $8.98 million.#Wallet #Withdrawals #SIREN #CEX #ChainCatcher #Cryptocurrency #Profit #UnrealizedProfit
🚀 Bitmine Withdraws 35,000 ETH from Exchanges, Signaling Potential Holding Strategy
#Bitmine #ETH #Withdrawals #Exchanges #HoldingStrategy #BitGo #FalconX #NS3AI #Cryptocurrency
An address linked to Bitmine has withdrawn 35,000 ETH, valued at approximately $69.37 million, from exchanges within an 11-hour period. According to NS3.AI, the withdrawals consisted of 20,000 ETH from BitGo and 15,000 ETH from FalconX. These actions are typically interpreted as signs that the assets may be intended for holding rather than trading.#Bitmine #ETH #Withdrawals #Exchanges #HoldingStrategy #BitGo #FalconX #NS3AI #Cryptocurrency
🚀 Binance to Conduct Ethereum Network Wallet Maintenance
#Binance #EthereumNetwork #ETH #walletmaintenance #cryptocurrency #deposits #withdrawals #trading #networkmaintenance #crypto
According to the announcement from Binance, the platform is set to perform wallet maintenance for the Ethereum Network (ETH) on 2026-02-24 at 06:00 (UTC). In preparation for this maintenance, deposits and withdrawals on the Ethereum Network will be temporarily suspended starting from 2026-02-24 at 05:55 (UTC). The maintenance is expected to last approximately one hour, after which services will resume once the network is stable.
The trading of tokens on the Ethereum Network will remain unaffected during this period, ensuring that users can continue their trading activities without interruption. Binance has assured users that all technical requirements related to the maintenance will be managed by the platform, minimizing any potential inconvenience. Deposits and withdrawals will be reopened once the network's stability is confirmed, although no further announcements will be made regarding the completion of the maintenance.
This maintenance is part of Binance's ongoing efforts to ensure the security and efficiency of its services. Users are advised to plan their transactions accordingly, taking into account the temporary suspension of deposit and withdrawal services. Binance emphasizes that the trading of tokens will not be impacted, allowing users to continue their trading activities seamlessly during the maintenance period.#Binance #EthereumNetwork #ETH #walletmaintenance #cryptocurrency #deposits #withdrawals #trading #networkmaintenance #crypto
🚀 Binance to Suspend Shentu Network Transactions for Upgrade
#Binance #ShentuNetwork #CTK #networkupgrade #hardfork #suspension #cryptocurrency #deposits #withdrawals #blockheight #userexperience #tokentrading
According to the announcement from Binance, starting on 2026-02-25 at 12:00 (UTC), the platform will temporarily suspend deposits and withdrawals of tokens on the Shentu (CTK) network. This suspension is to facilitate a network upgrade and hard fork aimed at enhancing user experience. The upgrade is scheduled to occur at block height 28,124,200, approximately at 2026-02-25 13:00 (UTC).
The trading of tokens on the Shentu network will remain unaffected during this period. Binance assures users that it will manage all technical requirements associated with the upgrade. Once the network is deemed stable post-upgrade, deposits and withdrawals will be reopened. No additional announcements will be made regarding the reopening of these services.#Binance #ShentuNetwork #CTK #networkupgrade #hardfork #suspension #cryptocurrency #deposits #withdrawals #blockheight #userexperience #tokentrading
🚀 Binance to Conduct Wallet Maintenance for BNB Smart Chain
#Binance #walletmaintenance #BNBSmartChain #BEP20 #cryptomaintenance #cryptowallet #tokentrading #deposits #withdrawals #networkmaintenance
According to the announcement from Binance, the platform is set to perform wallet maintenance for the BNB Smart Chain (BEP20) on 2026-03-02 at 06:00 (UTC). This maintenance is expected to last approximately one hour. During this period, deposits and withdrawals on the BNB Smart Chain (BEP20) will be temporarily suspended starting from 2026-03-02 at 05:55 (UTC). However, trading of tokens on the network will remain unaffected.
Binance assures users that all technical requirements will be managed by the platform, ensuring a smooth process. Once the network is deemed stable post-maintenance, deposits and withdrawals will be reopened. The announcement emphasizes that no further updates will be provided regarding the maintenance status. Users are encouraged to rely on the original English version of the announcement for the most accurate information, as there may be discrepancies in translated versions.#Binance #walletmaintenance #BNBSmartChain #BEP20 #cryptomaintenance #cryptowallet #tokentrading #deposits #withdrawals #networkmaintenance
🚀 Binance to Conduct Ethereum Network Wallet Maintenance
#Binance #EthereumNetwork #ETH #walletmaintenance #deposits #withdrawals #networkupgrade
According to the announcement from Binance, the platform is set to perform wallet maintenance for the Ethereum Network (ETH) on 2026-03-04 at 06:00 (UTC). In preparation for this maintenance, deposits and withdrawals on the Ethereum Network will be temporarily suspended starting from 2026-03-04 at 05:55 (UTC). The maintenance is expected to last approximately one hour.
During this period, the trading of tokens on the Ethereum Network will remain unaffected. Binance assures users that all technical requirements will be managed by the platform, ensuring a smooth process. Once the network upgrade is confirmed to be stable, deposits and withdrawals for tokens on the Ethereum Network will be reopened. No additional announcements will be made regarding the resumption of these services.#Binance #EthereumNetwork #ETH #walletmaintenance #deposits #withdrawals #networkupgrade
🚀 Binance to Suspend THORChain (RUNE) Network Transactions for Upgrade
#Binance #THORChain #RUNE #networkupgrade #cryptocurrency #suspension #deposits #withdrawals #blockheight #userexperience
According to the announcement from Binance, the platform will temporarily suspend deposits and withdrawals of tokens on the THORChain (RUNE) network starting approximately at 2026-03-05 16:00 (UTC). This suspension is to facilitate a network upgrade aimed at enhancing user experience. The upgrade is scheduled to occur at the block height of 25,215,740, which is expected around 2026-03-05 17:00 (UTC).
The trading of tokens on the THORChain network will remain unaffected during this period. Binance assures users that it will manage all technical requirements necessary for the upgrade. Once the network upgrade is completed and deemed stable, deposits and withdrawals will be reopened. No additional announcements will be made regarding the reopening of these services.#Binance #THORChain #RUNE #networkupgrade #cryptocurrency #suspension #deposits #withdrawals #blockheight #userexperience
🚀 BlackRock Limits Withdrawals Amid Rising Redemption Requests
#BlackRock #withdrawals #privatecredit #redemptionrequests #retailinvestors #liquidity #privatecreditsector #investors #finance
BlackRock has restricted withdrawals from one of its largest private credit funds following a surge in client redemption requests. Bloomberg posted on X, highlighting growing concerns among retail investors about the $1.8 trillion private credit sector. This move reflects increasing anxiety within the industry as investors seek to pull back their investments. The decision underscores the challenges faced by private credit funds in managing liquidity amid heightened demand for redemptions.#BlackRock #withdrawals #privatecredit #redemptionrequests #retailinvestors #liquidity #privatecreditsector #investors #finance
🚀 Binance to Cease Support for Specific Token Networks
#Binance #Cryptocurrency #Token #BNBSmartChain #Automata #BENQI #Deposits #Withdrawals #CryptoNews #Blockchain #ATA #QI
According to the announcement from Binance, the platform will discontinue support for deposits and withdrawals of certain tokens via specified networks starting from 2026-03-27 08:00 (UTC). The affected tokens include Automata (ATA) and BENQI (QI), both via the BNB Smart Chain. After the specified date and time, any deposits made through these networks will not be credited and could result in asset loss.
Despite this change, users will still have the option to deposit or withdraw these tokens through other networks that Binance continues to support. This decision is part of Binance's ongoing efforts to streamline its services and ensure the security and efficiency of its platform. Users are advised to adjust their transactions accordingly to avoid any potential issues with their assets.#Binance #Cryptocurrency #Token #BNBSmartChain #Automata #BENQI #Deposits #Withdrawals #CryptoNews #Blockchain #ATA #QI
🚀 Tether's XAUT Withdrawals Surge Amid Gold Price Drop
#Tether #XAUT #goldprice #BNBChain #cryptocurrency #selfcustody #spotgold #withdrawals #blockchain
On March 27, two significant wallets moved over $12.3 million worth of XAUT into self-custody. According to NS3.AI, this activity coincided with a decline in spot gold prices to $4,447 per ounce. The withdrawals followed Tether's announcement that XAUT now operates natively on the BNB Chain.#Tether #XAUT #goldprice #BNBChain #cryptocurrency #selfcustody #spotgold #withdrawals #blockchain
🚀 Binance to Suspend Moonriver Network Transactions for Upgrade
#Binance #Moonriver #MOVR #Crypto #Blockchain #NetworkUpgrade #Deposits #Withdrawals #Trading #CryptoNews
According to the announcement from Binance, starting at approximately 2026-03-30 12:00 (UTC), the platform will temporarily suspend deposits and withdrawals of tokens on the Moonriver (MOVR) network. This suspension is to facilitate a network upgrade aimed at enhancing user experience. The upgrade is scheduled to occur at block height 15,692,116, which is expected to be reached around 2026-03-30 13:00 (UTC).
The trading of tokens on the Moonriver network will remain unaffected during this period. Binance assures users that it will manage all technical requirements associated with the upgrade. Once the network is deemed stable post-upgrade, deposits and withdrawals will be reopened. However, no further announcements will be made regarding the reopening. Users are advised to stay informed through the project team's communications for any additional updates.#Binance #Moonriver #MOVR #Crypto #Blockchain #NetworkUpgrade #Deposits #Withdrawals #Trading #CryptoNews
🚀 MGBX to Launch Based Spot Trading in March 2026
#MGBX #Based #SpotTrading #Cryptocurrency #Launch #2026 #TradingPlatform #Deposits #Withdrawals
MGBX has announced plans to introduce Based (BASED) spot trading on March 31, 2026, at 18:00 (SGT). According to Odaily, the platform will open for deposits on March 31, 2026, at 16:00 (SGT), with trading commencing at 18:00 (SGT) the same day. Withdrawals will be available starting April 2, 2026, at 19:00 (SGT).#MGBX #Based #SpotTrading #Cryptocurrency #Launch #2026 #TradingPlatform #Deposits #Withdrawals
🚀 Investors Face Limited Exits as Private Credit Funds Cap Withdrawals
#PrivateCredit #Investment #Withdrawals #Finance #HedgeFunds #MorganStanley #BlackRock #Apollo #Blackstone #Ares #Tokenization #FundManagement
Investors attempted to withdraw $13 billion from private credit funds this quarter, but received less than half of their requests due to withdrawal caps imposed by several major funds. According to NS3.AI, seven prominent firms, including Morgan Stanley, BlackRock, Apollo, Blue Owl, Cliffwater, Blackstone, and Ares, restricted investor exits during this period. Approximately $4.6 billion remains inaccessible across about a dozen funds.
Apollo introduced ACRED, a tokenized feeder into its Diversified Credit Fund. However, Securitize later removed advertised daily redemption rights after Unchained inquired about the discrepancy with the fund's 5% quarterly withdrawal limit.#PrivateCredit #Investment #Withdrawals #Finance #HedgeFunds #MorganStanley #BlackRock #Apollo #Blackstone #Ares #Tokenization #FundManagement