Crypto Exchange Binance Goes Offline. Here's What Happened

Alex Dovbnya

The Binance cryptocurrency exchange has gone offline due to an issue with its DNS provider

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Wed, 15/04/2020 - 13:22

Crypto Exchange Binance Goes Offline. Here's What Happened

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Binance, one of the leading cryptocurrency exchanges, is currently offline.

According to a tweet posted by Binance CEO Changpeng Zhao, the downtime was caused by an issue with their DNS provider.

We are experiencing an issue with our DNS service provider. We are working on fixing the issue ASAP.

Funds are #SAFU.
— CZ Binance ??? (@cz_binance) April 15, 2020

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Zhao promises to solve the problem as soon as possible while ensuring his customers that their funds are 'safu.'

Back in May 2019, the exchange suffered a $40 mln hack due to a security vulnerability.

About the author

Alex Dovbnya

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.