Crypto’s Black Monday continues to wreak havoc. Changpeng Zhao, the CEO of crypto exchange Binance, tweeted that there would be a temporary pause on Bitcoin (BTC) withdrawals.
Funds are SAFU.
— CZ Binance (@cz_binance) June 13, 2022
CZ, who often lends his opinion to projects and the market, regularly tweets on behalf of Binance to his 6.4 million followers. He quickly updated the tweet to show:
This is only impacting the Bitcoin network. You can still withdraw Bitcoin on other networks like BEP-20.
SAFU is a meme that plays on the word ‘safe,’ first appearing in a Youtube video three years ago, while it also refers to Binance’s