Bitfinex Pauses XLM Withdrawals Due to Issues on Stellar Blockchain

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Tue, 04/06/2021 - 11:15

Yuri Molchan

Bitfinex CTO has tweeted that XLM withdrawals have been held up

Bitfinex Pauses XLM Withdrawals Due to Issues on Stellar Blockchain

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The CTO of Bitfinex and Tether, Paolo Ardoino, has just tweeted that the Bitfinex exchange has held up XLM withdrawals due to issues on the Stellar blockchain.

According to the announcement made by the Stellar team, there are some issues with the Stellar Horizon service. Some validators have dropped out of the network. The team is working to solve this problem.

The SDF horizon endpoint will be the first to restore.

#Stellar News #Paolo Ardoino

About the author

Yuri Molchan

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets.

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.