World’s largest cryptocurrency exchange by trade volume Binance, Made an important announcement about Polygon. Ethereum network focused L2 project Polygon (MATIC), Due to the problems he has had in recent days, he has now been hit by Binance.
Binance has temporarily suspended Polygon-based withdrawals due to network issues.
Polygon Has Troubles Again
In the statement made by the Binance cryptocurrency exchange, it was emphasized that this was due to problems seen throughout the Polygon network.
While it was stated that the Polygon team is currently trying to solve this problem, it was also explained what will happen to the funds of those who deposit money.
Binance, meanwhile MATIC He emphasized that depositors’ funds will be reflected in their accounts after this issue is resolved. It was also promised that additional explanation would be made on the subject.
Deposits and Withdrawals on #Binance via the @0xPolygon $MATIC network is temporarily paused. https://t.co/Mn85xIAegm
— Binance (@binance) March 15, 2022
Polygon faced a major problem recently and the network was inactive for hours.
For about 12 hours from March 10 to March 11, the network stopped completely and no action could be taken.
Polygon network developers emphasized that this is due to the breaking of nodes in the network. Although the funds were not damaged during the blackout, the situation was under control at that time.
Shortly before that, Polygon told the software developer who found a critical error in the network. $75,000 had awarded.
All these things continue to tarnish the popularity of the Polygon network, and of course the price of MATIC is also being hit hard.