On February 20, Binance concluded the delisting of Monero (XMR), as previously announced and reported by Finbold. The day before the delisting was tumultuous for the leading privacy coin.
Interestingly, Binance customers reported the centralized exchange suddenly suspended Monero withdrawals on February 19, raising concerns about the company’s motives. A print screen shared on X (formerly Twitter) showed a working deposit system for XMR and the suspension warning:
“Monero (XMR): Withdrawal suspended. Low hot wallet balance”
In this context, the privacy enthusiast and commentator under the pseudonym Untraceable questioned Binance’s operation and motives. He pointed out that the exchange should have all XMR available for withdrawals following its delisting schedule to avoid mass selling.
What possible reason does Binance have to keep any XMR in a cold wallet at this point? With hours to go until delisting?
None.
They want you to have to sell XMR instead of withdrawing it. Scum
We współpracy z: https://finbold.com/binance-suspends-monero-withdrawals-a-day-before-delisting-xmr/
