followannounceon the official website of the Binance network Polygon (MATIC) Network-wide problems This made it necessary to block the transaction. And there have been reports of downtime. This is why the exchange has to stop all withdrawals from the platform.
Deposits and withdrawals on Binance via the Polygon (MATIC) network will be temporarily suspended. Binance has contacted the Polygon network (MATIC) and is working to resolve the situation.
Binance has stated that it will reopen deposits and withdrawals through the Polygon (MATIC) network once it sees that the network is stable.
The project team confirmed the issue and proceeded to find the cause. Additionally, the team revealed that there may be a bug in the upgrade causing splits between validators.
And most recently, the team has come out to say, “The Polygon network is back to being stable and working. All funds are safe and Binance is upgrading nodes. and the blog data is being synced. So they temporarily stopped depositing and withdrawing money.”
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