Binance.US, the US department of main crypto alternate Binance, started struggling unexpected platform points on Aug. 7 round 15:26 UTC time, ensuing within the firm quickly shutting off alternate options.
“Please relaxation assured that every one buyer funds are secure, and we’ll present an extra replace quickly,” a Binance.US consultant informed Cointelegraph.
“At 11:26am EST, we observed our methods not functioning as meant,” Binance.US tweeted on Aug. 7.
The tweet added:
“To guard our customers, we will probably be stopping buying and selling, order processing, purchase crypto, deposits, and withdrawals. We’ll let customers cancel their orders 30min earlier than we reopen buying and selling. We anticipate it will take 6 hours.”
The platform adopted up with a subsequent tweet, confirming all funds as insured, protected by the corporate’s Safe Asset Fund, also referred to as “SAFU.”
UPDATE AUG. 7, 17:37 UTC: This text has been up to date with data Cointelegraph obtained from Binance US after preliminary publication.
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