Binance Resumes Bitcoin Withdrawals After Several Hours of Stuck Transaction

Binance on Monday morning temporarily paused bitcoin withdrawals “due to a stuck transaction causing a backlog.”

Binance founder and CEO Changpeng Zhao said the problem would be resolved in around 30 minutes. He later said it would take “a bit longer to fix than [his] initial estimate.” Binance said in a tweet at 11:32 a.m. on Wall Street that bitcoin withdrawals had resumed.