CZ: Binance Transaction Backlog Only Impacts Bitcoin Network
CZ issued an update on "Binance temporarily paused BTC withdrawals due to transaction backlog", saying that it only affects the Bitcoin network. Users can still withdraw Bitcoin on other networks like BEP-20. Fixing this issue may take longer than initially estimated.
Previously, CZ tweeted that Binance has temporarily paused Bitcoin withdrawals due to a stuck transaction causing a backlog. Withdrawals are expected to resume within 30 minutes.