Binance briefly paused Tether withdrawals to upgrade the cold wallet

Tether • October 15, 2018, 10:38AM EDT
UPDATED: October 15, 2018, 10:44AM EDT
The Block

Binance temporarily paused all Tether withdrawals for 30 minutes while it was upgrading the cold wallet. Due to network congestion, withdrawals prior to the upgrade were slower than usual. The withdrawals have since been reopened and are now faster according to the person familiar with the matter.

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Larry Cermak profile picture Larry Cermak

Larry joined crypto research full time in early 2017 and has expertise in capital markets, market structure and early stage DeFi companies/protocols and token economics. He has a background in economics and finance.

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