Binance, one of the world’s largest cryptocurrency exchanges, is down. The website shows a “502 Bad Gateway” error message, and users are reporting that they are unable to login or access their funds.
Binance has not yet released an official statement, but the team is reportedly working on a fix. In the meantime, users are advised to not attempt to login or trade on the platform.
This is not the first time Binance has experienced technical difficulties. In February, the exchange was forced to halt trading for a few hours due to “irregular trades.
” And in January, Binance was down for a day due to “system maintenance.”.
The latest outage comes as Bitcoin and other cryptocurrencies are experiencing a sell-off. Bitcoin is down about 10% in the last 24 hours, and Ethereum is down about 15%.
NOTE: This is a warning note about the Binance server being down. It is important to note that this could be the result of a temporary issue and should not be taken as an indication of any permanent technical problem. As such, it is important to check the status of the server before taking any action. Additionally, always ensure that you have taken appropriate security measures before accessing your account or engaging in any financial transactions through Binance.
It is not clear when Binance will be back up and running. We will update this article as more information becomes available.
Update: Binance has released an official statement attributed to CEO Changpeng Zhao. The statement says that the outage was caused by a “server time out issue” and that all funds are safe.
Trading will resume on May 15 at 04:00 AM UTC.
It’s unclear what caused the initial outage, but it appears to be related to server issues. Binance has said that all funds are safe and that trading will resume on May 15 at 04:00 AM UTC.
In the meantime, users are advised not to attempt to login or trade on the platform.
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Binance, one of the world’s largest cryptocurrency exchanges by trading volume, is currently down. The outage appears to be affecting both the website and mobile app, with users reporting being unable to log in or trade. Binance has not yet issued an official statement on the matter, but the company’s CEO, Changpeng Zhao, tweeted that the team is “working on it.”
This is not the first time Binance has suffered an outage.
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Binance, one of the world’s largest cryptocurrency exchanges by trading volume, is down again. The exchange confirmed the outage in a tweet on Thursday, saying it was “experiencing a server issue.”
At press time, the exchange’s website is inaccessible and its mobile app is down. Binance’s status page shows all systems as “operational.”
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