{"id":360949,"date":"2021-11-01T17:30:00","date_gmt":"2021-11-01T14:30:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/binance-crypto-withdrawals-return-to-normal-following-system-backlog\/"},"modified":"2021-11-01T17:30:00","modified_gmt":"2021-11-01T14:30:00","slug":"binance-crypto-withdrawals-return-to-normal-following-system-backlog","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/binance-crypto-withdrawals-return-to-normal-following-system-backlog\/","title":{"rendered":"# Binance crypto withdrawals return to normal following system backlog"},"content":{"rendered":"<p>&#8220;<strong># Binance crypto withdrawals return to normal following system backlog <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMTEvNjA5YzIwMDctOGVlZi00Zjg1LTgwY2ItYjJiYmYxZmQ3MjZhLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-128018ef>Major cryptocurrency exchange Binance announced the suspension of all transaction withdrawals on its platform on Monday morning due to a \u201clarge backlog\u201d of data. CEO, Changpeng Zhao, assured all users that funds were safe, before the functionality was restored.\u00a0<\/p>\n<p>The platform shared this announcement on their official <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> page via a thread, stating:<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">We&#8217;re on it. Funds are SAFU. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/LbJbZsVhl0\">https:\/\/t.co\/LbJbZsVhl0<\/a><\/p>\n<p>\u2014 CZ  Binance (@cz_binance) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/cz_binance\/status\/1455137460028067844?ref_src=twsrc%5Etfw\">November 1, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>Following the initial stoppage, Binance informed users that withdrawal activity had been resumed, but reversed that action a mere 20 minutes later.\u00a0The firm apologized to their global customer base for the inconvenience and shared that all further updates will be announced in the thread.<\/p>\n<p>In the tweet, which has received almost 4,500 likes and 975 comments, some users of the social networking platform took a light <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>roach to the saga by proclaiming that all funds are SAFU \u2014 a common phrase used by the crypto community to denote safe financial assets, originally <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/cz_binance\/status\/1011141655079018496?lang=en\">attributed<\/a> to Binance founder and CEO Changpeng Zhao, or CZ.<\/p>\n<p>At 9:48am Eastern time, the company revealed that &#8220;Crypto withdrawals have been resumed.&#8221;<\/p>\n<p><strong><em>Related:\u00a0Binance cuts withdrawal limits, rolls out tax reporting tool<\/em><\/strong><\/p>\n<p>Over the past year, Binance has expressed keen interest in expanding its network, most prominently its digital asset and decentralized application infrastructure platform Binance Smart Chain.<\/p>\n<p>In mid-October, the platform announced the launch of a $1 billion fund to advance this ecosystem development, allocating half of the eight-figure sum to fostering the emergence of projects constructing metaverse, virtual reality and artificial intelligence technologies, among other Web 3.0 sectors.<\/p>\n<p>In late October, Binance Smart Chain surpassed 1.5 billion transactions, an honourable\u00a0achievement considering its launch just over one year prior.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/binance-crypto-withdrawals-return-to-normal-following-system-backlog\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Binance crypto withdrawals return to normal following system backlog &#8221; Major cryptocurrency exchange Binance announced the suspension of all transaction withdrawals on its platform on Monday morning due to a \u201clarge backlog\u201d of data. CEO, Changpeng Zhao, assured all users that funds were safe, before the functionality was restored.\u00a0 The platform shared this announcement&#8230;<\/p>\n","protected":false},"author":1,"featured_media":360950,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMTEvNjA5YzIwMDctOGVlZi00Zjg1LTgwY2ItYjJiYmYxZmQ3MjZhLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[75014,74894,77672,74860],"class_list":["post-360949","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-binance","tag-blockchain","tag-changpeng-zhao","tag-cryptocurrency-exchange"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/360949","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=360949"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/360949\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/360950"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=360949"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=360949"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=360949"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}