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Ethereum Infrastructure Provider Down: Exchanges Halt ETH Withdrawals

Ethereum Infrastructure Provider Down: Exchanges Halt ETH Withdrawals


  • The world’s leading cryptocurrency exchange, Binance, has temporarily suspended withdrawals for ERC20 tokens. Upbit and Huobi follow suit.
  • The issue comes after Infura – an Ethereum infrastructure provider is also experiencing problems. The team announced earlier today that they are experiencing a service outage for their Ethereum Mainnet API.
  • In a later update, they’ve revealed that they bought additional capacity online for the affected components and are “continuing to triage the root cause of the outage.”
  • In the latest announcement, Infura revealed that they have managed to identify the root cause and are preparing a fix for the issue.
  • Binance’s CEO revealed that there was an attempt at a chain split on Ethereum at block 11234873.
  • He said that “Etherscan and Blockchair are showing two different chains and data after this block. We’re resolving now but have temporarily closed withdrawals. Funds are SAFU.”
  • In any case, all of this happens as Ethereum 2.0 is getting ready for its genesis. There are currently over $23.8 million in ETH locked in the depositor contract, as Vitalik Buterin staked 3,200 ETH himself.
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