Crypto trade Binance has encountered main points with spot buying and selling on the platform.
On March 24, Binance suspended all spot buying and selling transactions, in line with an announcement by Binance’s official Twitter account.
“We are aware of an issue impacting spot trading on Binance. All spot trading is currently temporarily suspended as we work to resolve this as soon as possible,” Binance wrote.
Binance CEO Changpeng Zhao subsequently took to Twitter to report that the preliminary evaluation indicated bug points with the matching engine.
“Deposits and withdrawals are paused as a standard operating procedure. Funds are #SAFU,” CZ wrote.
Initial evaluation signifies matching engine encountered a bug on a trailing cease order (a bizarre one). Recovering. Est 30-120 min ish. Waiting for extra exact ETA.
Deposits & withdrawals are paused as a SOP (commonplace working process). Funds are #SAFU. https://t.co/mvtGQ3JlMA
— CZ Binance (@cz_binance) March 24, 2023
This is a creating story, and additional data will probably be added because it turns into obtainable.
