Crypto exchange dashboard showing halted withdrawals during a Bitcoin price plunge.
Blockchain News

Binance Withdrawals Halted: The Shocking Technical Strain Behind a $64K Bitcoin Plunge

Global, May 2025: In a stark reminder of the cryptocurrency market’s volatility and technical fragility, leading exchanges Binance and Bybit reportedly paused user withdrawals for approximately twenty minutes during a severe market downturn. This shocking event, which saw Bitcoin’s price briefly crash below $64,000, was attributed by the platforms to overwhelming technical strain rather than […]

Binance withdrawals halted on app screen causing FTX panic flashbacks on social media feeds.
Blockchain News

Binance Withdrawals Halted: Technical Glitch Sparks Unnerving FTX Panic Flashbacks

Global, May 6, 2025: The cryptocurrency world experienced a tense morning as Binance withdrawals halted temporarily, sending shockwaves through digital asset markets and triggering immediate, visceral comparisons to the collapse of FTX. The incident, which began in the early hours of Tuesday, highlighted the fragile psychology of a market still healing from past traumas and […]