Estimated reading time: 0 minutes, 20 seconds

'Low TX Fees' Identified As Cause of BTC Backlog on Binance

Bitcoin withdrawals on the Binance platform were temporarily suspended last week after a “stuck transaction” was reportedly causing issues. So reports CNBC

Founder and CEO Changpeng Zhao initially estimated the platform would need about a half-hour to address the issue, which actually took several hours to mitigate. The transactions were disrupted due to “low TX fees,” which led to a backlog of transactions. 

Read the full article from CNBC.

Read 1264 times
Rate this item
(0 votes)

Visit other PMG Sites:

PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.