Binance is Experiencing Unexpected Malfunctioning in its Platform
Binance US, the United States part of major crypto exchange Binance, started facing unanticipated stage issues on Aug. 7 around 15:26 UTC, bringing about the organization briefly stopping exchange highlights.
“It would be ideal if you have confidence that all client reserves are protected, and we will give a further update soon,” a Binance.US agent told CurrencyTimes.
“At 11:26 am EST, we saw our frameworks not working as expected,” Binance.US tweeted on Aug. 7.
The tweet included:
“To ensure our clients, we will quit exchanging, request handling, purchase crypto, stores, and withdrawals. We will let clients drop their requests 30min before we return exchanging. We expect this will take 6 hours.”
The stage caught up with a resulting tweet, affirming all assets as safeguarded, ensured by the organization’s Secure Asset Fund, otherwise called “SAFU.”