The Ripple Army, a community of fervent defenders of XRP, the native asset of the crypto firm Ripple, has recently made headlines. This community has expressed its dissatisfaction, following Binance’s suspension of XRP withdrawals, made through the Ripple Ledger (XRPL) blockchain. Here’s what it’s all about.
Binance attacked by followers of Ripple and XRP
The Binance crypto exchange is once again at the heart of a controversy. The latter has nothing to do with his legal setbacks. The controversy is linked, one imagines, to the operational readjustments it is making in the wake of its recent legal challenges.
Recently, the company decided to suspend for a moment, XRP withdrawal operations via the Ripple Ledger (XRPL) network. Binance notably clarified that the said suspension is linked to routine maintenance of its crypto infrastructure.
The operation, which does not only affect the crypto XPR, as the exchange also clarified, caused a shock wave within the Ripple Army. This is Ripple’s native crypto community.
Edward Farina and Ripple Whale, two influential members of this community, stepped up to express their discomfort following this situation. This, by suggesting to XRP holders, transfer their XRP to decentralized exchanges in order to limit potential problems linked to withdrawals.
The dust has since settled
Although the operation impacted withdrawal services for some cryptos like XRP, it did not hinder the regularity of exchange activities. Binance reassured users that such suspensions do not indicate alarming developments.
Furthermore, Binance reminded users that despite the interruption of XRP withdrawals, made through the Ripple Ledger (XRPL) blockchain, this operation remains possible. Thus, XRP can still be withdrawn, via alternative blockchains such as Ethereum ERC20 and the BNB Smart Chain (BEP20).
The latest news is that the controversy has died down. The restriction on XRP withdrawals via Binance has been lifted. Which suggests the end of maintenance carried out on Ripple’s crypto wallets. Certainly, Binance quickly reinstated XRP withdrawals through alternative networks, highlighting the importance of diversification. But this episode highlighted the pressing need to clarify the relationship between Ripple and XRP, an ongoing topic of discussion in the crypto ecosystem.
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