Binance halts Bitcoin withdrawals twice in the past eight hours – The National

  • Date: 08-May-2023
  • Source: The National
  • Sector:Financial Markets
  • Country:UAE
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Binance halts Bitcoin withdrawals twice in the past eight hours – The National

Binance, the world's biggest cryptocurrency exchange by trading volume, temporarily halted Bitcoin withdrawals for the second time in eight hours due to a large volume of pending transactions.

“We've temporarily closed #BTC withdrawals due to the large volume of pending transactions,” Binance said in a tweet on Monday.

“Our team is currently working on a fix and will reopen $BTC withdrawals as soon as possible. Rest assured, funds are SAFU.”