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The Daily Hodl
2023-05-09 16:55:57

Binance CEO Changpeng Zhao Addresses BTC Withdrawal Halt As Bitcoin Network Fees Soar 18X in a Month

Binance CEO Changpeng Zhao Addresses BTC Withdrawal Halt As Bitcoin Network Fees Soar 18X in a Month

Top crypto exchange Binance suffered multiple Bitcoin (BTC) withdrawal shutdowns on Sunday as new BRC-20 tokens drove a gigantic surge in BTC transaction fees. Binance first announced on Sunday morning that it had temporarily suspended BTC withdrawals due to a Bitcoin network congestion issue. Withdrawals resumed about 90 minutes later, but then halted again later The post Binance CEO Changpeng Zhao Addresses BTC Withdrawal Halt As Bitcoin Network Fees Soar 18X in a Month appeared first on The Daily Hodl .

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