{"id":78421,"date":"2023-05-08T10:39:26","date_gmt":"2023-05-08T07:39:26","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=78421"},"modified":"2025-09-11T04:59:51","modified_gmt":"2025-09-11T01:59:51","slug":"binance-to-integrate-lightning-network-after-bitcoin-withdrawals-were-suspended","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/binance-to-integrate-lightning-network-after-bitcoin-withdrawals-were-suspended\/","title":{"rendered":"Binance to integrate Lightning Network after Bitcoin withdrawals were suspended"},"content":{"rendered":"<p>On May 7, the cryptocurrency exchange Binance temporarily suspended Bitcoin withdrawals due to network congestion.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BTC<\/a> withdrawals are now resumed on <a href=\"https:\/\/twitter.com\/hashtag\/Binance?src=hash&#038;ref_src=twsrc%5Etfw\">#Binance<\/a>.<\/p>\n<p>Thank you for your patience and we apologize for any inconvenience.<\/p>\n<p>\u2014 Binance (@binance) <a href=\"https:\/\/twitter.com\/binance\/status\/1655250881997332482?ref_src=twsrc%5Etfw\">May 7, 2023<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The feature was launched after an hour and a half, however in the early hours of May 8 the platform again suspended Bitcoin withdrawals due to \u201ca large volume of pending transactions\u201d.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">We\u2019ve temporarily closed <a href=\"https:\/\/twitter.com\/hashtag\/BTC?src=hash&#038;ref_src=twsrc%5Etfw\">#BTC<\/a> withdrawals due to the large volume of pending transactions.<\/p>\n<p>Our team is currently working on a fix and will reopen <a href=\"https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BTC<\/a> withdrawals as soon as possible.<\/p>\n<p>Rest assured, funds are SAFU.<\/p>\n<p>\u2014 Binance (@binance) <a href=\"https:\/\/twitter.com\/binance\/status\/1655380303383261185?ref_src=twsrc%5Etfw\">May 8, 2023<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Company representatives said that to resume operations for the second time, fees for all pending withdrawal requests had to be increased.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;To prevent this from happening in the future, our tariffs have been adjusted. We will continue to monitor network activity and make changes as necessary. Our team is also working on enabling Bitcoin withdrawals via <a href=\"https:\/\/forklog.com\/en\/news\/lightning-network-faster-cheaper-bitcoin-transactions\">Lightning Network<\/a>, which will help in such situations,&#8221; Binance explained.<\/p>\n<\/blockquote>\n<p>After several hours, the exchange resumed Bitcoin withdrawals, stating that all pending transfers had been completed.<\/p>\n<p>According to <a href=\"https:\/\/mempool.space\/ru\/\">mempool.space<\/a>, at the time of writing the number of unconfirmed Bitcoin transactions stood at 422,729. The average transfer fee ranged from $8.9 to $9.7.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"645\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/Snimok-ekrana-2023-05-08-v-10.24.25-1024x645.png\" alt=\"Snimok-ekrana-2023-05-08-v-10.24.25\" class=\"wp-image-206446\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/Snimok-ekrana-2023-05-08-v-10.24.25-1024x645.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/Snimok-ekrana-2023-05-08-v-10.24.25-300x189.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/Snimok-ekrana-2023-05-08-v-10.24.25-768x484.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/Snimok-ekrana-2023-05-08-v-10.24.25-1536x968.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/Snimok-ekrana-2023-05-08-v-10.24.25-2048x1290.png 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>Bitcoin withdrawal volume from Binance. Data: CryptoQuant.  <br \/><\/figcaption><\/figure>\n<p>At the end of 2022, Binance <a href=\"https:\/\/forklog.com\/en\/news\/binance-halts-withdrawals-of-several-assets-amid-anomalous-price-swings\">suspended<\/a> withdrawals for a number of assets and restricted some user accounts due to \u201cabnormal price movements in certain trading pairs\u201d. The list then included SUN, ARDR, OSMO, FUN and GLM.<\/p>\n<p>Earlier, the platform was <a href=\"https:\/\/forklog.com\/en\/news\/binance-suspends-usdt-and-usdc-deposits-on-the-solana-blockchain\">blocked<\/a> from depositing in stablecoins <a href=\"https:\/\/forklog.com\/en\/news\/what-is-tether-usdt\">USDT<\/a> and <a href=\"https:\/\/forklog.com\/en\/news\/what-is-the-usdc-stablecoin\">USDC<\/a>, issued on the Solana network.<\/p>\n<p>In March 2023, the cryptocurrency exchange Binance <a href=\"https:\/\/forklog.com\/en\/news\/binance-completes-maintenance-after-outage\">announced<\/a> the suspension of spot trading due to a \u201cstrange\u201d error in the trailing stop order mechanism.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On May 7, the cryptocurrency exchange Binance temporarily suspended Bitcoin withdrawals due to network congestion.<\/p>\n","protected":false},"author":1,"featured_media":78422,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[744,18,1166],"class_list":["post-78421","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-binance","tag-bitcoin","tag-centralized-exchanges-cex"],"aioseo_notices":[],"amp_enabled":true,"views":"73","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/78421","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=78421"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/78421\/revisions"}],"predecessor-version":[{"id":78423,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/78421\/revisions\/78423"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/78422"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=78421"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=78421"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=78421"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}