By Geoffrey Smith
Investing.com -- Binance, the world's largest cryptocurrency exchange, has temporarily suspended client withdrawals, Chief Executive Changpeng Zhao said via Twitter on Monday.
Zhao blamed a "stuck transaction", which he said would take around 30 minutes to resolve.
"Temporary pause of $BTC withdrawals on #Binance due to a stuck transaction causing a backlog. Should be fixed in ~30 minutes. Will update," Zhao said.
The suspension comes only hours after Celsius Network, one of the world's biggest crypto lenders, suspended withdrawals due to what it called "extreme market conditions."