The exchange CEO wrote on Twitter that all funds are safe
On May 8, outflow data confirmed the largest withdrawal in its history, over 162,000 $BTC has left the exchange, valued at over $4.6 Billion.
On May 8, Binance, the world’s biggest cryptocurrency exchange, paused bitcoin withdrawals for several hours, attributing the delay to high volumes and a spike in processing fees, before eventually processing them at a higher cost.
Over Sunday night and Monday morning, the largest crypto exchange in the world suspended bitcoin withdrawals, stating that there was an excess of pending transactions due to insufficient incentives offered to miners to record the trades on the blockchain.
Taking to Twitter, Binance’s CEO Changpeng Zhao, CZ, wrote, “there is some FUD about BTC withdrawal issues. Here is why. Bitcoin network fees are fluctuating, 18x in a month.” CZ added a screenshot of an article by TheBlockBeats.info. That describes full-net handling fees of Bitcoin increasing
We współpracy z: https://thenewscrypto.com/exchange-news-cz-responds-to-bitcoin-outflow-withdrawals-on-binance-calling-fud/
