Yesterday, Binance announced that it had to temporarily suspend bitcoin withdrawals due to network congestion issues.
We’ve temporarily closed $BTC withdrawals as the #Bitcoin network is experiencing a congestion issue.
Our team is currently working on a fix until the network is stabilized and will reopen $BTC withdrawals as soon as possible.
Rest assured, funds are SAFU.
— Binance (@binance) May 7, 2023
An hour and a half later, however, it immediately reactivated them.
$BTC withdrawals are now resumed on #Binance.
Thank you for your patience and we apologize for any inconvenience.
— Binance (@binance) May 7, 2023
Binance and bitcoin congestion
Over the past few days, both Bitcoin and Ethereum have experienced network congestion.
For Ethereum, the problem seems to have been caused by an excess of requests for transactions in FLOKI tokens, but especially in PEPE tokens, given the impressive hype generated by its boom.
For bitcoin, the problem seems to have been caused
We współpracy z: https://en.cryptonomist.ch/2023/05/08/binance-suspends-bitcoin-withdrawals/
