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:-