Binance Users Still Experiencing Troubles After Number One Exchange Went Down Due to System Issue

  • Alex Dovbnya
    📰 News

    Changpeng Zhao’s ‘back to normal’ remark didn’t resonate well with the Binance community that is still having trouble working with the exchange


Binance Users Still Experiencing Troubles After Number One Exchange Went Down Due to System Issue
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Binance, the number one exchange by trading volumes, recently had a system issue, which resulted in downtime that lasted for a couple of minutes. Changpeng Zhao, the CEO of Binance, assured users that their funds are SAFU, but some of them are still having trouble accessing the exchange.  

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Excellent customer support

While some exchanges are trashed for unresponsive customer support, Binance usually excels in this department with CZ himself taking to Twitter to calm down indignant users. This black swan situation was no different given that CZ broke the news before his Twitter was swarming with complaints.
 

However, CZ only vaguely revealed the core of the problem, citing a certain ‘middleware issue’. Hence, some users wanted more clarity.

Has the issue been resolved?

Despite CZ claiming that everything should be back to normal, there are still tweets from traders who are not able to log in to their account or get an email for a withdrawal request. At the time of writing, it seems like they are still experiencing such inconveniences.  

Ensuring safety

Notably, Binance has never been hacked, which gives users a feeling of safety stability. On March 7, 2018, numerous speculations were spreading about a potential hack, but the number one exchange dodged a bullet with this one (hackers actually lost some funds as a result of the phishing attack).

Cover image via u.today
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About the author

Alex Dovbnya (aka AlexMorris) covers all things crypto — from major projects, which are fighting tooth and nail to gain the upper hand in the burgeoning industry, to the latest regulatory trends around the world. When he happens to take a break from crypto, Alex delves into cognitive linguistics (metaphors can be fun too!).

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