Binance-The Popular #Crypto Exchange announced that it will be enduring a system maintenance. All crypto users who have their account o Binance will not be able to make any withdrawals, #trading and any other activities will be suspended.
This is the second time Binance has called system maintenance . Exactly one week ago, #Binance called a system maintenance . the Binance team suspended all activities on the exchange due to some alarming issue that sprung into existence within its risk management system. Binance Team also announced that they will tweet and let us know when they are down with solving the issue.
But some people says that, this is lie and some unusual trades are happening in Binance. Here are some tweets regarding this so called “system maintenance ” Problem:-
Crypto JAKE @jakelong32years
“That’s a lie we want to hear the truth we saw unusual trades happening.”“Apparently a group of hackers hacked into the #Syscoin api at #Binance They used #SYS because of the relatively low hashing power,They then mined all the $SYS blocks for a while to prevent a rollback of the blockchain They apparently made 7000 $BTC.”
And one more important thing is that, before suspending the withdrawals, total 7000 #BTC transferred out of binance wallets i.e 45 Million Dollars!!!
So, there are three major possibilities First, really Binance had some technical issues so they shut downed the system for a while. Second, Unusual Trading happened on Binance which is the reason for Crypto Market Volitality. Third, Binance is moving their funds to cold wallets to keep it more secure. And lastly, something big is going to happen because just before suspending the withdrawals, $45,000,000 worth of Bitcoin were transferred.
Let’s see, how long does it takes to solve this “System maintenance ” Issue. And I hope, Binance Team will solve it as soon as possible. What do you think Guys?
Here are some links which will help you to read this issue in details:-
Binance hack news now!?
The Binance Team is working upon it
Hello Viddhesh,
Ram hare, you have nice post.
Most my favorite exchange is the Binance am also using the Binace App this is very easy to use.
Thanks for your sweet abd kind words.
I also use Binance Exchange.
Am following you as well follow back to keep getting update and comments of sharing Binance News
Thank You
You have a minor misspelling in the following sentence:
It should be maintenance instead of maintainance.Ohh! Thanks for informing dude.
Corrected.
It is not to worry about....
Ya! Beacuae Binance have strong backend team
Hmm Binance have a great potential to be a leading crypto exchange
True
bad news to binance Hacked Syscoin + Altcoin Pumps!
Ya !it is the result of low hash-rates
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Wow,, very good work,,
Thanns buddy
No one know real issue
Ya! me too👍😂
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Give nice news tq u bro, plz follow me and upvote and comment on my steemit account.
No need to worry Binance is not hacked it wont allow to withdraw more than 100 btc Binance has got state of the art alarming technology that suspends any suspicious activity.