2 years ago
Binance said it has temporarily suspended spot trading connected its level owed to an unnamed issue.
The crypto speech tweeted that it knew of an contented impacting spot trading and was moving to resoluteness it soon.
The speech did not supply further accusation astir the issues.
Binance CEO Changpeng ‘CZ’ Zhao described the contented arsenic a “weird one.” He said:
“Initial investigation indicates matching motor encountered a bug connected a trailing halt order.”
He added that deposits and withdrawals person been paused arsenic a modular operating process and assured users that thief funds were safe. He expects the betterment to instrumentality betwixt 30 minutes to 2 hours.
The Binance presumption leafage showed that withdrawals and deposit functions had been suspended for each crypto assets connected its platform.
Binance was yet to respond to CryptoSlate’s petition for remark astatine the clip of writing.
Following the news, Bitcoin (BTC) plunged 1.39% connected the 1-hour candle to $27,635, according to CryptoSlate data.
The station Binance bug dumps BTC 1.39% – CZ assures ‘Funds are #SAFU’ appeared archetypal connected CryptoSlate.
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