Rumors in the crypto community began to spread when users reported that Binance had suspended XRP withdrawals. Binance has, however, refuted the allegations and indicated that XRP withdrawals are working as intended. The exchange clarified that no technical issues or suspension notices were issued on its platform.
Rumors Spark Confusion Over XRP Withdrawal
These worries were raised on X, following the sharing of screenshots by some users, claiming to illustrate an error message when attempting to withdraw XRP. Among the frequent responses was, We are processing your withdrawal the network of Ripple is down at the specified time. These tweets suggested the possibility of temporary network shutdown of Ripple, or Binance withdrawal system.
JUST IN: BINANCE SUSPENDS GLOBAL #XRP WITHDRAWALS pic.twitter.com/rKalCmou1q
— XRP Chancellor (@xrpchancellor) June 9, 2025
The rumours travel quickly. Other users referred to a similar case that happened at the end of 2024 when XRP withdrawals were suspended briefly after the overliberal action on the market. Even during that time, many users showed anger and were not sure that the exchange would be stable during rough trading periods.
Nevertheless, the existing assertions were tackled in a timely manner. Binance presented a statement that refuted service interruption. A spokesperson of the exchange stated: “There are no issues with XRP withdrawals.”
Binance Affirms XRP Withdrawals Are Functioning Normally
Binance confirmed no restrictions or changes were affecting XRP transactions on the platform. The company said that it had not suspended the service, and had not had network outages.
Binance assured its users in an official communication that all withdrawal systems were functional. The users who experienced the errors were encouraged to revisit their internet connections or update their app versions, as it might initiate isolated errors that were not dependent on the Binance infrastructure.
The incident of quick dissemination of wrong information again raised the issue among users regarding centralized exchanges. The incident reminded the famous story of “not your keys, not your crypto” and prompted users to consider the way they store digital assets.
Community Reacts to the False Reports
With the confirmation of Binance, users began to withdraw earlier accusations. Enough individuals acknowledged that the message might have been brought on by a transitory UI bug, a device-related mistake, or a transitory API failure.
The incident, nevertheless, revived the discussion about the visibility and promptness of the platforms.
Even in the case of crypto markets, where volatility and misinformation seem to overlap quite frequently, updates provided by service providers are always important.
The security experts have cautioned users to confirm such claims using authorized sources. Use of screenshots without correlating with the status page or help center of the exchange may result in panic.
XRP Market Remains Stable Amid Rumors
Amidst these rumors of withdrawal, the price of XRP did not change much. CoinMarketCap market data did not indicate any abnormal increases in trade volume or price change immediately related to the incident.
XRP is still traded heavily on most exchanges, with a significant portion of the volume going through Binance. The timely reaction of the exchange allowed containing the fear so it did not spread massively, and did not influence liquidity.
Binance has been among the largest centralized exchanges in terms of daily trading volume. Its process of this situation confirms the requirement of quality reporting and customer care in retaining user confidence.
#blockchain #crypto, #decentralized, #distributed, #ledger
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