Binance Resumes Services as System Upgrade Completes

At a status update, the platform further said it’ll lower trading commission by 70% before Feb. 24 to show its “gratitude” for users’ support through the process.

The incident afterward ignited concerns among customers of this exchange it might have been hacked, given similarities using the initial statement from Japan’s exchange platform Coincheck amid its latest heist about 500 million NEM tokens.

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As reported by CoinDesk, the exchange first posted information of this suspension on Wednesday, mentioning host issues. The platform later declared it would take more than was originally planned to restore normal services. Before, the market had declared it was planning to resume services at 04:00 UTC today.
Zhao Changpeng, founder and CEO of both Binance, soon denied the hacking rumor, arguing that the service has been mandatory for the stage to finish its system upgrade.

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However, users may experience a few problems, despite the promised upgrade conclusion. Zhao added in a tweet that customers attempting to get may face difficulties, because the website’s cloud supplier was under DDoS assault. While the issue was being resolved, ” he said, lingering problems could exist.
Just prior to press time, he explained “Trading is available!”

Binance, the Hong Kong-based cryptocurrency exchange has declared has declared all trading actions, including deposits and withdrawals, as of 10:00 UTC today.