Binance’s brief pause of Ethereum withdrawals leaves community perplexed
Cointelegraph
Published Feb 19, 2021 11:26AM ET
Updated Feb 21, 2021 10:00AM ET
Binance had a hiccup with its withdrawals for Ether (ETH) and all ERC-20 assets on Friday, with users being unable to access any of their Ethereum-based assets for about one hour. The pause came abruptly, as the exchange's Twitter account notified users that Binance had “temporarily suspended withdrawals of ETH and Ethereum-based tokens in order to address a congestion issue.”
Binance reassured that “funds are SAFU,” but did not provide any further details. About one hour later, withdrawals were apparently restored but the exchange did not attempt to explain what prompted them to pause such a critical piece of its infrastructure.
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Written By: Cointelegraph
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