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February 6th , 2023

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Mr THC

7 months ago

BINANCE TEMPORARILY CLOSE BTC WITHDRAWALS?

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Finance

7 months ago

Binance's post mortem of temporary BTC

network withdrawal suspension: We were

repairing several minor hardware failures

on wallet consolidation nodes earlier

today, which caused the earlier

transactions that were pending to be

broadcast to the network after the nodes

were repaired. These pending

consolidation transactions had a low gas

fee, which resulted in the later withdrawal

transactions - which were pointing to the

pending consolidation UTXO - getting

stuck and not able to be processed

successfully. To fix it we had to change

the logic to only take successful UTXO

from consolidation transactions or

successful withdrawal transactions. This

fix will also prevent the same issue from

happening again.

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