![]() Meanwhile, Binance is not the only exchange that has expressed concern about the new Litecoin feature. While hackers have been lucky in stealing unsuspecting victims’ funds, the issue these malefactors have faced has always been withdrawing the funds.īinance fears that the feature launched by the Litecoin Foundation will be widely adopted by criminals looking for ways to withdraw their stolen funds. In recent times, there have been numerous incidents of crypto heists, running into millions of dollars. The exchange has decided not to accept LTC transactions using the MWEB function due to the surging rate of criminal activities in the cryptocurrency space. Previously, the Korean exchange said that it would stop LTC trading because of MWEB’s anonymous function. Previously, the Korean exchange said that it would stop LTC trading because of MWEB’s anonymous function.”īreaking: Binance announced that it will not support the deposit and withdrawal of Litecoin through the MimbleWimble Extension Blocks (MWEB) function. ![]() “Binance announced that it will not support the deposit and withdrawal of Litecoin through the MimbleWimble Extension Blocks (MWEB) function. The development was also shared on Twitter by the popular cryptocurrency media outlet Wu Blockchain. “To ensure the security of your funds, please do not deposit LTC through the MWEB function,” Binance said in a statement. īinance added that users may lose their funds if they use the MWEB function to transfer Litecoin from an external wallet to the exchange. #Binance will not support the deposits and withdrawals of $LTC utilising MimbleWimble Extension Blocks (MWEB). The largest cryptocurrency exchange by daily trade volume noted on Twitter today that LTC deposits made using the MWEB function will either be returned or not deposited in the receiver’s wallet because of the inability to verify the senders’ address. Due to security concerns, the world’s largest cryptocurrency exchange Binance has announced that it will not be supporting the deposits and withdrawals of Litecoin (LTC) utilizing the Mimblewimble Extensions Block (MWEB) function. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |