- MATIC deposits and withdrawals on Binance are temporarily unavailable, according to a Binance announcement made earlier today.
- Binance made the announcement after Polygon network’s outage since March 11 that occurred after an upgrade on the Polygon chain.
- Polygon is now stable, but MATIC deposits and withdrawals went offline as the platform’s nodes need to sync with the chain.
Binance, the world’s largest exchange by trading volume, announced earlier today that it will be temporarily pausing deposits and withdrawals for the Polygon (MATIC) network. The exchange had also stated that it would reopen Polygon deposits and withdrawals once the network becomes stable again.
The announcement was made in the wake of the Polygon network’s outage since March 11 that occurred after a network upgrade was made to the Polygon chain.
The suspected bug in the Polychain network was in one of the three layers that make up the blockchain: the Heimdall layer. The bug ...