Binance Freezes Trading, Community Demands Feedback

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Wed, 03/04/2020 - 09:42
Yuri Molchan
The Binance exchange all of the sudden suspends trading. The crypto community and analyst Michael van de Poppe ask CZ to explain
Binance Freezes Trading, Community Demands Feedback
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On crypto Twitter, reports are emerging that the Binance exchange has frozen operations. No official announcement from CZ has yet been made, so the community, along with crypto analyst Michal van de Poppe, in particular, are demanding a statement from CZ.

After several people addressed him directly on Twitter, Changpeng Zhao finally stated that the issue is of a technical nature. Even though all trading operations have been suspended, the problem is not connected with assets.

Funds are safu, he tweets.

When Binance froze trading activity earlier this year, Michael van de Poppe was active in getting a report.

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This time he again asked that CZ share an investigation report – this Saturday, March 7.

It seems that CZ is so busy working on launching Binance back online that he has blocked the CEO of OKEx Jay Hao, when he offered his help with the issue.

“Hey @cz_binance, technically Kafka is a message queue system for log, it's not enough for trading system thus the broker problem will always occur. Need help?”

About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today, can be contacted at yuri.molchan@u.today.