Can we please get a reason that ADA withdraws were locked right before the incentivized test net?
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Can we please get a reason that ADA withdraws were locked right before the incentivized test net?
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It makes no sense that we would intentionally withhold assets from our customers when we provide staking and distributions for all/nearly all relevant assets on our platform.
We were, however, experiencing some wallet issues with ADA within the past 24-48 hours and, if the wallet was indeed suspended temporarily, it was likely the reason. I have reached out to the team responsible to confirm.
**Edit**: It seems that the wallet was never actually suspended and people were assuming their “rejected” withdrawals were intentional. This issue was not even persistent and simply trying two or three times to withdraw would have likely resulted in success.
We are working with the ADA team to resolve it. Furthermore, we weren’t advised of the upcoming event by the ADA team.
If you experienced an issue with this, feel free to open a support ticket and we will review your specific situation in the meantime.
They just earned an extra 6-12% on all their ada holdings
Yep. They will stake ADA and get a nice rewards. Just like the banks trade stocks with your fiat!
Not your keys, not your coins!
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My withdrawal also failed yesterday with ‘rejected’ as the reason. I gave it a second try and then it worked.
/u/symbiotic_bnb
Can you please provide us for the reason why this happened?
Binance makes enough money without having to screw you over. They’ll probably give you your share later. Just like they pay gas to the neo holders on binance.
ADA has different wallet addresses such that exchange addresses can’t stake and earn rewards.
To be fair I don’t know for sure if Binance has such wallet implementation yet.
Alternatively, ADA can also be staked from a cold/paper wallet and ADA is not locked when staked.
Guys. Not defending binance here but this is business. They allowing you hold coins on their system. Wallets and running them cost money. So rule is ” not your keys, not your coins”.
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