Black Monday Crypto continues to wreak havoc. Changpeng Zhao, CEO of crypto exchange Binance, tweeted that there will be a temporary pause in Bitcoin (BTC) withdrawals.

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CZ, who often gives his opinion on projects and the market, regularly tweets on behalf of Binance to his 6.4 million followers. He quickly updated the tweet to reveal:

This only affects the Bitcoin network. You can still withdraw bitcoins on other networks such as BEP-20.

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SAFU is a meme that plays on the word “safe”, first appearing on Youtube. video three years ago, although this also applies to Binance’s trade protection fund, the Safe Assets for Users Fund (SAFU). The fund was created during the previous bear market, but in light of Celsius’ apparent insolvency, investors may be right to raise the alarm.

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Subsequently tweetan exchange failure may be worse than expected:

“It will probably take a little longer than my initial estimate. More updates coming soon. Thank you for your patience and understanding.”

Binance Official Twitter Account confirmed a delay suggesting that the problem was due to a “stuck online transaction”. Some commentators believe that the Lightning Network on Bitcoin would have avoided such a problem.

In this together: Musk and Saylor lost a total of $1.5 billion on Bitcoin purchases

Indeed, despite Binance’s size and global footprint, it has yet to keep up with its competitors with regards to Lightning integration. Sam Bankman-Fried, head of rival exchange FTX, recently tweeted he would encourage developers to work on integrating the layer 2 protocol into the exchange, but Coinbase and Binance are lagging behind.

Kraken also recently allowed its customers to withdraw funds instantly using LN. Hello, positive news: the total number of bitcoins in the network recently exceeded the 4,000 BTC mark.