Binance Won't Support Deposits and Withdrawals of Litecoin Utilizing MimbleWimble Extension Blocks

Binance announced that it will not support the deposits and withdrawals of Litecoin that utilize the MimbleWimble Extension Blocks (MWEB) function, which provides users with an option of sending confidential Litecoin transactions without revealing any transaction information. Any Litecoin deposits made to Binance through the MWEB function will not be received or returned as the exchange is unable to verify the sender's address, resulting in the direct loss of funds.