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Binance cryptocurrency withdrawals returned to normal after system backlog

November 1, 2021 - Around 2 mins mins to read

Binance cryptocurrency withdrawals returned to normal after 3rd system backlog

The major crypto exchange Binance announced on Monday morning that it was suspending all withdrawals on its platform due to a “massive backlog” of data. The CEO, Changpeng Zhao, assures all users that funds will be kept safe before functionality is restored.

The platform shared this announcement on its official Twitter page via a thread:

After the initial outage, Binance notified users that the withdrawals were resuming, but only reversed that action 20 minutes later. The company apologized for the inconvenience to its worldwide customer base and announced that all further updates in the series will be announced.

Binance đưa Việc Tuân Thủ Quy định Lên ưu Tiên Hàng đầu Khi Là Sàn Giao Dịch Tiền điện Tử Chuyển Sang Công Ty Dịch Vụ Tài Chính 25/10/2021

Related: Binance lowers withdrawal limits and introduces a tax reporting tool

In the tweet, which garnered nearly 4,500 likes and 975 comments, some users of the social media platform took some gentle access to the story by claiming that all funds are SAFU – a cluster used by the crypto community – Word to denote sure. original financial assets Attribution to the founder and CEO of Binance Changpeng Zhao, or CZ.

At 9:48 a.m. Eastern Time, the company announced that “cryptocurrency withdrawals have resumed.”

# Exchange of cryptocurrencies

#Changpeng Zhao

Binance

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Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.
Blockchain

Binance cryptocurrency withdrawals returned to normal after system backlog

Binance cryptocurrency withdrawals returned to normal after 3rd system backlog

The major crypto exchange Binance announced on Monday morning that it was suspending all withdrawals on its platform due to a “massive backlog” of data. The CEO, Changpeng Zhao, assures all users that funds will be kept safe before functionality is restored.

The platform shared this announcement on its official Twitter page via a thread:

After the initial outage, Binance notified users that the withdrawals were resuming, but only reversed that action 20 minutes later. The company apologized for the inconvenience to its worldwide customer base and announced that all further updates in the series will be announced.

Binance đưa Việc Tuân Thủ Quy định Lên ưu Tiên Hàng đầu Khi Là Sàn Giao Dịch Tiền điện Tử Chuyển Sang Công Ty Dịch Vụ Tài Chính 25/10/2021

Related: Binance lowers withdrawal limits and introduces a tax reporting tool

In the tweet, which garnered nearly 4,500 likes and 975 comments, some users of the social media platform took some gentle access to the story by claiming that all funds are SAFU – a cluster used by the crypto community – Word to denote sure. original financial assets Attribution to the founder and CEO of Binance Changpeng Zhao, or CZ.

At 9:48 a.m. Eastern Time, the company announced that “cryptocurrency withdrawals have resumed.”

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