Binance pauses bitcoin withdrawals due to a ‘stuck transition’ as crypto sell-off deepens

The logo of cryptocurrency exchange Binance displayed on a smartphone with the word “cancelled” on a computer screen in the background.

There is a stuck transaction causing a back up.

The issue would be fixed within 30 minutes. This is going to take a bit longer to fix than I originally thought. He said that holders of the currency can still withdraw it on other networks.

He said that the funds are for the South African Football Union. The acronym stands for "secure asset fund for users."

On Monday, the news came as the price of the digital currency fell to the lowest level in more than two years.

Inflation and macroeconomic concerns have hit the largestcryptocurrencies.

The world's largestcryptocurrencies exchange is called Binance. In a single day, the company handles more than $50 billion in derivatives volume.

Ryan Browne was a contributor.