Binance Had to Stop Bitcoin Withdrawals

Cryptocurrency markets have left behind a very difficult day. Binance, the world’s largest cryptocurrency exchange, can process Bitcoin (BTC) withdrawals. had to turn it off twice. Let’s take a look at what happened.

Binance, in a statement yesterday evening, in Bitcoin experiencing network congestion and, as a result, the shooting processes were stopped. announced. This statement, which was made at 18:15, was renewed approximately 1 hour later and at 19:30. problems are solved, it was announced that the shooting can be done again. However, this did not last long.

BTC withdrawals paused again in the morning!

At 4:15 am, a new statement came from Binance’s official Twitter account. In this statement, the accumulated transactions due to the volume size BTC withdrawal transactions has been stopped again specified. This time, the cause of the problem was Binance itself. In the statement, commission fees welding It was stated that there was a problem and the developer team was working on it.

If it’s towards 7 o’clock, it’s about the shooting process. problems fixed and it was reported that the operations were restarted. Binance stated that the necessary updates have been made to avoid a similar problem in the future. Yes, Binance users can continue to trade with Bitcoin on the stock market as of now.

Bitcoin was not affected much by what happened.

The events in Binance did not cause huge losses in BTC and other crypto assets. 24 hours ago 28 thousand 900 dollars BTC, which is traded at levels, with a loss of around 3 percent after what happened. 28 thousand 175 dollars declined to its level. The biggest loss in value among the 10 cryptoassets with the largest volume was in Ripple (XRP), with 4.43 percent.

The incident is Binance’s crisis management It showed that he had done well. With the steps taken and instant notifications, the hearts of investors were provided with peace of mind. This too more deep prevented the decline.