Binance announced a suspension of deposits and withdrawals from its Binance Smart Chain (BSC) network.
The issue was attributed to a node issue – the team has estimated a fix within the hour.
The exchange announced scheduled wallet maintenance to occur at 07:00 UTC on March 30. It was estimated to take two hours to complete — with deposits and withdrawals suspended during this time.
A further announcement was released at approximately 09:52 UTC, detailing “a node issue,” extending the downtime. The firm added that deposits and withdrawals would reopen once maintenance has been completed.
“The ongoing wallet maintenance for BNB Smart Chain (BEP20) will be extended by approximately 1.5 hours to 2023-03-30 11:00 (UTC). Binance is working actively to complete the maintenance as quickly as possible.”
Binance under fire
On March 27, the Commodities Futures Trading Commission (CFTC) filed an enforcement action against Binance over charges of operating an illegal exchange.
CEO Changpeng Zhao (CZ) said he was surprised by the move as the company had been working with the regulator over the last two years. He disagreed with the lawsuit, citing “an incomplete recitation of facts.”
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