Binance, the world’s largest cryptocurrency exchange by trading volume, is currently suspended. The reason for the suspension is unknown, but some speculate that it may be due to a scheduled system upgrade.
This isn’t the first time Binance has been suspended. In February of 2018, the exchange was down for about an hour due to “unscheduled maintenance.
” At the time, Binance attributed the outage to “server load issues.”.
NOTE: WARNING: Binance has not officially announced any suspension of its services. Please be aware of any false information or claims about Binance being suspended circulating online. Before taking any action related to Binance, please verify the accuracy of the information you are reading and consult with official sources.
Binance has not yet released an official statement regarding the current suspension. However, the exchange’s CEO, Changpeng Zhao, has tweeted that “all funds are safe.”
The suspension of Binance comes at a time when the cryptocurrency market is struggling. Bitcoin, the largest cryptocurrency by market capitalization, is down 3% on the day.
Ethereum, the second-largest cryptocurrency by market capitalization, is down 5%.
The current suspension of Binance may cause further selling pressure in the cryptocurrency market as traders lose confidence in the stability of exchanges.
9 Related Question Answers Found
Binance, one of the world’s largest cryptocurrency exchanges, is currently suspended. The suspension is due to “unscheduled maintenance”, according to the company. However, many users are speculating that the real reason for the suspension is due to a hack.
Binance Smart Chain, the native blockchain of popular cryptocurrency exchange Binance, has been suspended due to a “critical system upgrade.”
The Binance team made the announcement in a blog post on May 19, 2021, stating that the suspension would take place at 2:00 AM (UTC) and would last for approximately six hours. During the suspension, all transactions on the Binance Smart Chain will be halted and users will not be able to deposit or withdraw tokens. However, trading on the Binance Exchange will not be affected.
Binance, one of the world’s largest cryptocurrency exchanges by trading volume, has been “partially” suspended for nearly a week now. The outage began on February 8, when the exchange announced that it was “upgrading the system” and would be “unable to process withdrawals or deposits for a period of time.”
Since then, the exchange has been inaccessible to users, with no clear indication of when it will be back up and running. This has caused a great deal of frustration among users, particularly those who are unable to access their funds.
Binance, one of the world’s largest cryptocurrency exchanges by trading volume, has suspended withdrawals. The move comes after a “large scale security breach” that resulted in the loss of 7,000 BTC, worth around $40 million at current prices. The hack was first reported by The Block, which cited two sources familiar with the matter.
If you’ve been trying to log into your Binance account only to be greeted with the message “Account Suspended”, you’re probably wondering why and what you can do about it. There are a few reasons why your account might have been suspended, and unfortunately, there’s not much you can do about it. The first reason is that Binance may have detected some unusual activity on your account.
Binance, one of the world’s largest cryptocurrency exchanges by trading volume, has recently come under fire for suspending withdrawals from the platform. The move has caused a great deal of uproar among the crypto community, with many users accusing Binance of foul play. So, what exactly happened?
Binance Lite is a new, easy-to-use crypto exchange that allows Australians to buy Bitcoin with cash. The exchange is operated by Binance, one of the world’s largest cryptocurrency exchanges. Binance Lite is currently available in select newsagents across Australia.
Binance, one of the world’s largest cryptocurrency exchanges by trading volume, is still under investigation by Japanese authorities. The investigation was first launched in March 2018, after it was revealed that the exchange had been operating without a proper license from the Japanese Financial Services Agency (FSA). While the FSA has not yet issued any formal penalties or orders to Binance, the ongoing investigation is a clear sign that the regulator is not happy with the way the exchange has been operating in Japan.
Binance, one of the world’s largest cryptocurrency exchanges by trading volume, has announced that it is suspending withdrawals “indefinitely” as it works to upgrade its systems. The move comes just days after Binance announced that it had lost around 7,000 BTC (worth approximately $40 million at the time) to hackers. The exchange says that it will use its “Secure Asset Fund for Users” (SAFU) to cover the loss, which amounts to around 2% of its total BTC holdings.
