The cryptocurrency exchange Binance suspended withdrawals of Binance Coin (BNB) amid record on-chain activity and heavy load on the platform.
According to CEO Changpeng Zhao, the number of user withdrawal requests for BNB rose tenfold compared with the previous week’s figures. He stressed that the Binance team is working on a solution.
We’re currently experiencing a 10x increase in #BNB withdrawal requests compared to last week. Lots of interests, it seems.
Conspiracy theories were abound when #ETH network had congestions. Trust me, we are not against #ETH or #BNB. Working on it. 🙏🙏🙏 https://t.co/nE7FXCElw6
— CZ 🔶 Binance (@cz_binance) April 20, 2021
Against this backdrop, Binance Smart Chain has seen unprecedented on-chain activity.
Binance resumed withdrawals.
Earlier, Binance burned more than a million BNB tokens worth nearly $600 million.
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