Key Takeaways:
Bitcoin withdrawals were on pause for three hours on the Binance network. The Binance team informed that withdrawals were available on other networks.
On Monday, the world’s largest cryptocurrency exchange paused Bitcoin withdrawals as there were some issues with “stuck on-chain transactions.” Initially, CEO Changpeng Zao, said that the situation would get better within 30 minutes, but later the funds of the users were ” SAFU,” but it would take more than the initial estimated time.
Temporary pause of $BTC withdrawals on #Binance due to a stuck transaction causing a backlog. Should be fixed in ~30 minutes. Will update. Funds are SAFU. — CZ
