Crypto exchange Binance has suspended the withdrawal of Binance Coin (BNB) amid record on-chain activity and heavy load on the platform.
According to the head of the company Changpeng Zhao, the number of requests from users to withdraw BNB has increased 10 times compared to the previous week. He stressed that the Binance team is working on a solution to the problem.
We’re currently experiencing a 10x increase in #BNB withdrawal requests compared to last week. Lots of interests, it seems.
Conspiracy theories were abound when #ETH network had congestions. Trust me, we are not against #ETH or #BNB. Working on it. 🙏🙏🙏 https://t.co/nE7FXCElw6
– CZ 🔶 Binance (@cz_binance) April 20, 2021
Against the backdrop of what is happening on the Binance Smart Chain network, there is unprecedented on-chain activity.
Recall that a few days ago, Binance burned more than a billion BNB tokens worth almost $ 600 million.
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