hello, friends i am taking about a world's famouse exchange BINANCE.
Yes friends Binance has given a more detailed explanation regarding the events over the last couple of hours following the irregular trading Syscoin activity. In a statement released just now, the exchange is providing a recap on the incident.
Binance resumed trading activity at 8AM UTC after it closed down the exchange for a little while for system maintenance on binance server.
binance is also says irregular trades were detected from a number of API users that triggered the internal risk management system. The exchange therefore decided to suspend all the activities.
Binance suspended all its activities following an earlier buying transaction of Syscoin for 96 Bitcoins. Binance ensured customers that all funds are safe, and has now given an explanation on what happened.