Binance Ends Support for Confidential Litecoin Transactions As It Can’t Verify Sender’s Address

Crypto exchange Binance announced they are ending support for Litecoin (LTC) transactions sent through the latest MimbleWimble (MWEB) upgrade.

Binance warned that any transaction sent through the MWEB function would be lost since the crypto exchange can’t verify the sender’s address. The announcement comes just days after major South Korean crypto exchanges delisted LTC due to the latest upgrade that makes transaction information confidential.