Binance Announces a Temporary Suspension of Deposits and Withdrawals on Polygon

Binance Announces a Temporary Suspension of Deposits and Withdrawals on Polygon

(Binance) Crypto exchange Binance said on Tuesday that it has temporarily suspended deposits and withdrawals for Polygon Network.

Binance attributed the temporary suspension of withdrawals and deposits to a network issue that began on March 11.

The crypto exchange says it is working with Polygon to address the situation before reopening the deposits and withdrawals. 

A Polygon developer said that the bug issue had already been fixed. The developer said that Binance was only upgrading its nodes and synching data, which caused a temporary suspension.

The polygon network was upgraded on one of its three layers on Friday. The network did not reach a consensus post the upgrade due to a suspected bug causing the downtime. 

MATICUSD is down -0.91%

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