Altcoin News

Binance Goes on Temporary System Maintenance With No Trading Activities

There was a sudden shock, confusion, and fear in the Crypto Twitter community as Binance website became inactive with no trades for over 20 minutes. Some members of the community report that there are no trades shown on the UI when users log in.

Unscheduled maintenance

The Binance team after about half an hour of silence has made an announcement that it is on temporary system maintenance that could last for three hours or more. According to the team, the system automatically shut down after detecting a disk failure to avoid any data loss or corruption. Users funds are completely safe according to the update

However, all deposits, withdrawals, and trading are suspending during this time and uncompleted deposits will be completed when the maintenance is complete. The maintenance started by 20:00 UTC and the team promises to keep the community updated on progress.

Source: Twitter

Everything is back to normal

Binance suffered a hack in May that led to the loss of over $40 million of users’ money. An investigation is still ongoing as to how the hack happened and ways to improve security to avoid such loss in the future. Some Twitter users who are likely Binance customers expressed fears of a possible hack. Some of the responses are as follows:

“It’s to late. We’ve lost it all” – @JaminXBT

“we’re at 27 minutes now And im getting scared” – @kamese0331

A follow-up announcement, however, confirms that the system is back on and no data was lost. Also as promised, no funds lost so the panic can be over finally.



Binance Goes on Temporary System Maintenance With No Trading Activities

Article Name

Binance Goes on Temporary System Maintenance With No Trading Activities


Binance trading website has been down for the past half hour and no word has come from the team. Users are in panic and wondering if it might be another hack.


Ponvang Bulus

Publisher Name


Publisher Logo

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

View original post

Show More

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button