Binance pauses Bitcoin withdrawals temporarily due to a stuck transaction – The National

Binance pauses Bitcoin withdrawals temporarily due to a stuck transaction – The National

Binance, the world’s largest cryptocurrency exchange, paused Bitcoin withdrawals on Monday for a few hours owing to a "stuck transaction", its founder and chief executive said in a tweet.

The network withdrawals, which faced a temporary halt starting at 4pm UAE time, resumed around 7.30pm UAE time.

Changpeng Zhao's initial tweet said the issue would be resolved in 30 minutes. "Temporary pause of $BTC withdrawals on #Binance due to a stuck transaction causing a backlog. Should be fixed in ~30 minutes. Will update," he said.