This is theft no matter how you try to spin it.
And you're surprised? Wait until you read
this topic!
According to binance, they disabled withdrawals temporarily.
That reminds me of this post:
The liquidity comes from users, and more people are buying than selling XMR. Maybe the fee trading in the opposite direction can be lowered to encourage adding liquidity.
This is the case even on big centralized exchanges, that is why they often don't allow people to withdraw xmr...they claim because of some maintenance, but they just don't have enough coins.
What if Binance was selling "fractional reserve Monero" and now gets a huge discount to cover it up?