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Updates Regarding Terra (LUNA) Network Congestion (2022-05-12)

2022-05-12 10:19
Fellow Binancians,
The Terra (LUNA) network is experiencing slowness and congestion, which is intermittently causing a high volume of pending Terra network withdrawal transactions on Binance. We are continuously monitoring the network status and working to provide Binance users the best possible experience.
We are also currently working to increase the number of wallets to speed up the processing of withdrawals and support more withdrawal requests. However, please note there may be periods where withdrawals on the Terra (LUNA) network are temporarily suspended due to the network congestion.
Suspension of Withdrawals on 2022-05-12
From 2022-05-12 01:30 AM (UTC) to 2022-05-12 06:10 AM (UTC), withdrawals on the Terra (LUNA) network were temporarily suspended due to a high volume of pending withdrawal transactions. The network was congested where only six to nine withdrawal transactions were broadcasted on the network per minute.
Unfulfilled withdrawal requests raised during the suspension have been rejected to avoid funds from being stuck in the withdrawal queue. Please check the status of your withdrawals at Transaction History.
Please be rest assured that your assets are secure. We apologize for any inconvenience.
Risk warning: Cryptocurrency trading is subject to high market risk. Please make your trades cautiously. You are advised that Binance is not responsible for your trading losses.
Thanks for your support!
Binance Team
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Binance reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice.