2 years ago
Binance, a large cryptocurrency exchange, has announced that Bitcoin (BTC) withdrawals person resumed aft a three-hour hiatus. It was previously reported that Binance had suspended Bitcoin withdrawals owed to a “stuck transaction” causing a backlog successful the system.
Binance’s laminitis and CEO, Changpeng Zhao, initially stated that the occupation would beryllium resolved successful 30 minutes. He aboriginal revised his estimation successful a tweet helium sent retired this morning, pointing retired that the occupation was going to instrumentality longer to resolve.
This is lone impacting the Bitcoin network. You tin inactive retreat Bitcoin connected different networks similar BEP-20.
Likely this is going to instrumentality a spot longer to hole than my archetypal estimate. More updates soon. Thanks for your patience and understanding
— CZ 
Binance (@cz_binance) June 13, 2022
Three hours aft Chanpeng Zhao’s tweet, Binance reactivated Bitcoin withdrawals connected their exchange. An announcement was posted connected the Binance website, stating that immoderate pending BTC withdrawals volition beryllium rejected and users volition request to resubmit their withdrawal requests.
A post-mortem was besides tweeted connected Binance’s Twitter relationship detailing the Bitcoin web suspension. The post-mortem tweet revealed that withdrawals had been suspended for 3 hours, whilst deposits were not affected.
The connection besides revealed that whilst withdrawals connected the Bitcoin web were halted, users could inactive retreat Bitcoin connected the Ethereum (ERC-20) and Binance (BEP-20) networks without delay.
Post mortem of our impermanent BTC web withdrawal suspension.
Temporary intermission duration: ~3 hours Impact: $BTC web withdrawals only. Users could inactive retreat #Bitcoin connected different networks without hold (ERC20 & BEP20). Deposits unaffected.
More details 
— Binance (@binance) June 13, 2022
Chanpeng Zhao followed up with a tweet assuring users that Binance developers volition enactment connected a mode to debar this contented occurring again.
“Our devs volition technologist a mode to debar this successful the future. I was successful transit erstwhile the incidental happened. Were you capable to archer it was our “intern” squad handling it? No, right?” the Binance CEO tweeted.
FWIW, this is 1 of the tx that got things stuck earlier:https://t.co/VfgALyBFIx
Our devs volition technologist a mode to debar this successful the future. I was successful transit erstwhile the incidental happened. Were you capable to archer it was our "intern" squad handling it? No, right? https://t.co/YA4VuRzDQs
— CZ Binance (@cz_binance) June 13, 2022
It seems similar the Binance squad volition beryllium engaged this twelvemonth arsenic Chanpeng Zhao besides mentioned that Binance is currently “expanding hiring” despite the existent marketplace conditions. This quality comes conscionable 2 weeks after Binance Labs launched a $500m fund to put successful Web3 projects.
The station Binance has resumed Bitcoin withdrawals aft a impermanent halt owed to a “stuck transaction” appeared archetypal connected CryptoSlate.
English (US) 