Binance TH temporarily pauses crypto deposits and withdrawals, says customer assets remain safe

Binance TH has temporarily paused cryptocurrency deposits and withdrawals while it conducts a security review following reports involving Binance. Gulf Binance says customer assets on Binance TH remain safe, its cold-wallet infrastructure is segregated from Binance, and other platform services continue to operate normally.

What did Binance TH announce?

On October 30, 2026, Gulf Binance Co., Ltd., the operator of Binance TH, issued a statement in response to news of a cybersecurity incident involving Binance. As a precaution, Binance TH temporarily suspended digital-asset deposits and withdrawals while its specialist team conducts a security review.

The notice describes the measure as preventive. It does not state that Binance TH itself was hacked, nor does it report a loss of customer assets on the Thai platform.

Is Binance TH the same as Binance?

No. Binance TH is operated by Gulf Binance Co., Ltd. as a separate legal entity in Thailand. According to the company, Binance TH has its own digital-asset custody system, and its cold wallets are strictly segregated from those used by Binance.

This distinction matters because reports concerning Binance should not automatically be treated as evidence that the same systems or wallets at Binance TH were affected. At the same time, the temporary pause shows that Binance TH is reviewing its environment before restoring transfers.

Which services are still available?

The official announcement says all other Binance TH services continue to operate normally. The temporary restriction specifically covers cryptocurrency deposits and withdrawals.

This wording should not be confused with scheduled maintenance for Thai-baht transfers. Users should check the status shown inside the official Binance TH app or website for the exact function and asset they intend to use.

What should users do now?

• Use only official channels. Open Binance TH through the official app or enter the website address yourself.
• Do not respond to “urgent withdrawal” messages. Security incidents often lead to impersonation, phishing links and fake support accounts.
• Never disclose passwords, OTP codes, private keys or seed phrases. Legitimate support staff do not need this information.
• Avoid repeatedly submitting transfers. Wait until the platform confirms that deposits and withdrawals have resumed, then verify the network and destination address before proceeding.
• Review account security. Check login activity, enable strong two-factor authentication and confirm that withdrawal addresses and API keys have not been changed.

When will deposits and withdrawals resume?

Binance TH has not announced a specific reopening time. The company says the functions will return after the verification process is completed. Users should rely on Binance TH announcements rather than estimates circulated on social media.

What this announcement means

A temporary pause does not by itself mean that customer funds on Binance TH were lost. The confirmed facts are that crypto deposits and withdrawals are paused for a security review, other services remain available, and Gulf Binance says customer assets remain safe and are held through a custody system separate from Binance.

Frequently asked questions

Was Binance TH hacked?

The statement does not say Binance TH was hacked. It refers to a cybersecurity incident involving Binance and describes the suspension as a precautionary measure.

Are customer assets on Binance TH safe?

Gulf Binance states that customer digital assets on Binance TH remain completely safe. Users should continue monitoring official updates until the review is complete.

Can users still trade?

The announcement says all other platform services continue to operate normally. Availability can change, so users should confirm the current status in the official app or website.

Does the pause affect Thai-baht deposits and withdrawals?

The announcement specifically refers to digital-asset deposits and withdrawals. It does not announce a suspension of Thai-baht transfers under this security measure.

Where should users check for updates?

Check the official Binance TH announcement and notifications inside the official Binance TH app.

Source

• Binance TH: official statement regarding the recent Binance security incident

Reviewed October 30, 2026. Service availability may change as the review progresses. General security information only, not investment advice.