Crypto exchange Binance has issued a notice on the suspension of withdrawals on the Solana (SOL) network.

The withdrawals have been suspended since March 4, 2024. Binance is working on a solution.

The full announcement by Binance can be read below:

“Fellow Binancians,

Withdrawals on Solana (SOL) network have been intermittently suspended since 2024-03-04 due to the increased volume of transactions on the network. Binance has identified some areas for optimization, and is working to provide a stable and long-term solution. The estimated implementation date of the solution is 2024-03-09 18:00 (UTC).

We apologize for any inconvenience”.