The exchange allocates 10% of all trading fees received into the fund as a way to protect client money in extreme cases. It’s crazy.”īinance’s corporate Twitter account later posted that all backlogs had been cleared and withdrawals were back to normal.Ĭustomer funds were safe and kept in the Secure Asset Fund for Users, an emergency insurance fund stored in a separate cold wallet, Binance said. “Our system couldn’t generate new addresses fast enough to match new users coming in. “We almost ran out of DOGE coin addresses,” Zhao told Bloomberg. founder Elon Musk added a reference to Bitcoin to his Twitter profile and posted a mock magazine cover of a whippet in a red sweater, which users interpreted as a sign of support for Dogecoin. Binance, the world’s largest cryptocurrency exchange by volume, said a rush of new users put its systems under stress, forcing it to briefly suspend withdrawals. Crypto prices surged on Friday after Tesla Inc. Chief Executive Officer Changpeng Zhao said that user sign-ups and trades jumped to a record high. Crypto prices surged on Friday after Tesla Inc. Binance, the world's largest cryptocurrency exchange by volume, said a rush of new users put its systems under stress, forcing it to briefly suspend withdrawals. (Bloomberg) - Binance, the world’s largest cryptocurrency exchange by volume, said a rush of new users put its systems under stress, forcing it to briefly suspend withdrawals.Ĭhief Executive Officer Changpeng Zhao said that user sign-ups and trades jumped to a record high. Binance has said that it is under stress, which forced the exchange to stop withdrawals for some time on Friday.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |