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It's impossible to run a crypto exchange without halting withdrawals periodically, especially when runs are happening. This is due to the security balance betw
by detrites 4y ago
It's impossible to run a crypto exchange without halting withdrawals periodically, especially when runs are happening.
This is due to the security balance between difficult-to-access cold wallets containing the majority of funds, and easy-to-access hot wallets containing the minimum required for expected daily operations.
No idea on the coincidence with Tether minting, other than Tether mints often whether directly or indirectly as a result of market conditions, which of course may also be influencing exchange withdrawal dynamics.