On Monday, Binance reopened the withdrawal of bitcoin.
Binance intends to enable withdrawals using the BTC Lightning Network.
Cryptocurrency exchange Binance restarted bitcoin withdrawals on Monday after stopping them for the second time in a day due to high volume. Binance had stopped withdrawals earlier in the day for approximately one hour, alleging a significant delay in pending withdrawal requests as the reason.
$BTC withdrawals are now resumed on #Binance.
Pending transactions are being processed by replacing them with higher transaction fees.
We’ll post another update once these pending transactions are all processed.
— Binance (@binance) May 8, 2023
Binance stated:
“Pending transactions are being processed by replacing them with higher transaction fees.”
On Crypto Twitter, there was a lot of discussion concerning the cause of the outage. There was a wave of FUD after it discontinued accepting Bitcoin withdrawals, and some people doubted the exchange’s financial soun
We współpracy z: https://thenewscrypto.com/binance-plans-to-enable-bitcoin-lightning-network-withdrawals/
