Crypto exchange Binance has halted withdrawals on Bitcoin for the second time in just 12 hours, this time citing a large volume of pending transactions.
Bitcoin withdrawals on Binance have again been temporarily shuttered as the crypto exchange claimed it was suffering from a large backlog of pending withdrawals.
Binance tweeted on May 8 that it closed off BTC withdrawals"temporarily" as there was a"large volume of pending transactions." It added the transactions are still pending as its"set fees did not anticipate the recent surge in [Bitcoin] network gas fees." There is a large volume of withdrawal transactions from Binance still pending as our set fees did not anticipate the recent surge in
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