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User reports about a temporary halt in XRP withdrawals on Binance recently stirred concerns across the community. However, Binance has denied the claims, confirming that XRP withdrawals are functioning normally.
The confusion began when a few community members on X reported that XRP (XRP) withdrawals were suspended on Binance, accompanied by a screenshot of a message reportedly shown when attempting a withdrawal.
“Your withdrawal is being processed as Ripple’s network is suspended at this moment,” read one widely circulated post.
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The false reports quickly gained traction, echoing past incidents such as the temporary XRP withdrawal pause reported in late 2024 due to heightened price volatility. At the time, many members of the community expressed frustration and questioned the platform’s reliability during periods of intense market activity.
However, Binance has since clarified the situation. A spokesperson for the exchange told crypto.news that the latest reports are false, asserting that there have been no service suspensions on the platform.
“XRP withdrawals are operating normally without any disruptions,” said the Binance spokesperson.
Reports of this nature often cause panic among users and the community. Investors have once again raised the ‘not your keys, not your crypto’ saying in the wake of the incident, reigniting debate over whether crypto holders should trust centralized exchanges with their assets.
Binance’s clarification offers assurance to its user base and the broader community. As of now, XRP withdrawals remain active on Binance, and no disruption has been officially acknowledged or recorded.
Read more: Binance suspends support for USDC deposits and withdrawals via TRON
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