Binance.US, the USA department of main crypto alternate Binance, went down unexpectedly on Aug. 7 round 15:26 UTC time. "At 11:26am EST, we observe
Binance.US, the USA department of main crypto alternate Binance, went down unexpectedly on Aug. 7 round 15:26 UTC time.
“At 11:26am EST, we observed our programs not functioning as meant,” BinanceUS tweeted on Aug. 7.
The tweet added:
“To guard our customers, we shall be stopping buying and selling, order processing, purchase crypto, deposits, and withdrawals. We’ll let customers cancel their orders 30min earlier than we reopen buying and selling. We anticipate this can take 6 hours.”
The platform adopted up with a subsequent tweet, confirming all funds as insured, protected by the corporate’s Safe Asset Fund, also referred to as “SAFU.”
Cointelegraph reached out to Binance US for added particulars, however acquired no response as of press time. This text shall be up to date accordingly ought to a response are available in.