According to BlockBeats, on November 20, according to feedback from the IoTeX community, many trading platforms including Binance and MEXC have suspended the withdrawal channel of $IOTX to the IoTeX mainnet. Binance stated that "withdrawals will be temporarily suspended during the replenishment of the hot wallet."
The large-scale suspension of withdrawals may be related to the IoTeX on-chain meme $DePINs and the DePIN Super Ecosystem Season event jointly promoted by IoTeX and OKX. As the leading infrastructure platform of DePIN, its on-chain meme $DePINs has attracted a continuous rise under the hot concept of DePIN. During the same period, the APR of the DeFi platform in the on-chain activities was as high as 600%, attracting the attention of many users.
The suspension of coin withdrawals may be resumed within the next day, and current users can still participate through on-chain cross-chain bridges and other methods.
