Binance, the world’s largest cryptocurrency exchange by trading volume, is not working today. The website is down and users are reporting that they are unable to login or access their funds.
This is not the first time Binance has experienced technical issues. In February, the exchange was forced to halt trading for several hours after a “system upgrade” caused unexpected data discrepancies.
And in January, Binance had to suspend withdrawals for a week due to “unusual trading activity.”.
Binance has not yet released a statement on the current outage. However, the exchange’s CEO, Changpeng Zhao, tweeted that the team is “working on it.”
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We will update this article as more information becomes available.
Update (11:45 UTC): Binance has released a statement saying that it is “investigating reports of some users being unable to log in or access their funds.” The exchange says it will provide an update within 2 hours.
Update (12:30 UTC): Binance has issued an update saying that it has “identified the issue and is working on a fix.” The exchange says it will provide another update within 2 hours.
Update (13:45 UTC): Binance has provided another update saying that the issue has been fixed and that all systems are “operational now.” The company apologized for the inconvenience and said that it will “compensate all affected users.”.
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