The logo of cryptocurrency exchange Binance displayed on a smartphone with the word “canceled” on a computer screen in the background.
Budrul Chukrut | SOPA Images | LightRocket via Getty Images
Binance said Monday that it is temporarily pausing bitcoin withdrawals “due to a stuck transaction causing a backlog.”
At first, Binance founder and CEO Changpeng Zhao said in a tweet that the issue would be fixed within 30 minutes. But he later amended that to say, “Likely this is going to take a bit longer to fix than my initial estimate.” He added that, ”