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Binance suspends crypto withdrawals globally, expects resumption within 48 hours
Binance has suspended crypto withdrawals on its global platform while keeping deposits open. The exchange indicated that withdrawals are expected to resume within 48 hours, according to a Binance News update on Oct. 30. Binance Japan confirmed that crypto withdrawals remain paused but crypto deposits, trading, and fiat deposits and withdrawals are operating normally. The outage is estimated to affect roughly $6 billion in assets, with about $3 billion frozen on‑chain. Binance said it will cover any losses with its SAFU fund and will publish an updated proof of reserves after remediation.