Binance Suspends Withdrawals for 48 Hours While Deposits and Trading Continue

Binance has halted all crypto withdrawals worldwide, citing a security incident that could affect about $6 billion in assets. Deposits remain open, allowing users to send Bitcoin into the exchange, and trading is still available, though the ability to move funds out is blocked. The exchange has set a 48‑hour target for restoring withdrawal services, but no exact reopening time has been confirmed. Users who wish to move Bitcoin to an external wallet must wait for the withdrawal system to resume and for the blockchain transfer to complete. The pause also limits arbitrage strategies that rely on moving coins off Binance. The situation underscores the importance of understanding which services are operational during a security outage.