Binance’s Brief Pause From Ethereum Withdrawals Leaves Community Stumped By Cointelegraph

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Binance’s brief hiatus from Ethereum withdrawals leaves community stumped

Binance had a problem with its withdrawals of Ether (ETH) and all ERC-20 assets on Friday, and users were unable to access any of its Ethereum-based assets for about an hour. The pause occurred suddenly, as the exchange’s Twitter account notified users that Binance had “temporarily suspended withdrawals of ETH and Ethereum-based tokens to address a congestion issue.” Binance assured that “the funds are SAFU” but did not provide further details. About an hour later, the withdrawals apparently re-established, but the exchange made no attempt to explain what led them to pause such a critical piece of their infrastructure: average hourly gasoline prices in Gwei. Source: DuneAnalytics. Continue reading on Coin Telegraph

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