Binance announced a temporary halt to withdrawal of cryptocurrencies due to slow transaction execution and queue accumulation. After half an hour, the output was temporarily resumed, but then turned off again.
Binance, the largest cryptocurrency exchange, is temporarily
disconnected the function of withdrawing cryptoassets due to the large backlog in the execution of transactions. The team is currently working on fixing the error. Technical or other reasons for delays in making payments have not yet been announced.
The withdrawal process resumed approximately 25 minutes after the announcement of its stop on Binance’s Twitter account. 20 minutes after this announcement, the company again announced that the withdrawal of cryptocurrencies is again unavailable. The tweet said that further information will be posted as soon as it becomes available.
“There will be a temporary delay in processing withdrawals until the backlog is resolved. We expect it to last about 30 minutes, ”the tweet said.
Coinbase crashed in October. After launching a waiting list for early access to the Coinbase NFT platform, the number of registered users reached 1 million and this disrupted the site.