Binance.US Customer Support posted on Twitter that the recent suspension of BCH withdrawals was caused by technical problems in the deposit clearing system, and the token was maintained at a 1:1 reserve.
Binance.US Customer Support said that the suspension experienced in BCH withdrawals earlier this week was caused by a technical issue in the deposit cleanup system. Under normal circumstances, the system automatically transfers funds from customers' personal deposit wallets to the platform's hot wallet based on a predetermined threshold, and ultimately stores them in cold wallets in secure storage. However, as we entered the weekend, customers' BCH deposit addresses were not automatically cleaned up. Therefore, BCH withdrawals were suspended until the problem was fixed and the normal deposit, hot wallet and cold wallet processes were restored. BCH withdrawals on all networks are now fully back to normal.
