pull down to refresh
[Edit: Oh, .. I see ... to cause a delay of a selloff.]
If I send a deposit transaction to an exchange and the fee wasn't high enough, and I didn't have RBF set, and I don't know about CPFP (or can't use it because it came from a custodial wallet), then my deposit transaction doesn't confirm and I won't be able to sell.
reply
I think its to discourage withdraws rather than to delay a selloff
reply
So this delay in withdrawals would prevent a bank run right? My thinking: if there are too many withdrawals and Binance had fractional reserves at some point they'd have to pause withdrawals, which would result in widespread panic
reply
Last time Binance did this was June crash. Maybe they know something big is about to hit.