THELOGICALINDIAN - Binance comatose afresh today for the secondtime this ages
Binance accidentally went bottomward today for acting maintenance. Changpeng “CZ” Zhao, the CEO of Binance, declared that there was a botheration with the API end-point.
Following the crash, users rushed to amusing media to appeal amends for absent opportunities.
Service Outage Causes Losses for Binance Traders
Binance appear a statement at 14:04 UTC on Dec. 21, announcement a complete abeyance of “deposits, withdrawals, atom and allowance trading, P2P trading, OTC Portal trading, accumulation & redemption, as able-bodied as asset transfers from sub-accounts, allowance accounts, futures accounts, and authorization wallets.”
Futures trading was unaffected. Binance told traders that they would be accustomed 30 account apprehension at some point during the day to acquiesce them to “cancel orders, accomplish deposits and withdrawals, and accomplish asset transfers afore trading resumes.” Trading resumed at 18:00 UTC.
However, for abounding day traders, this was not acceptable enough.
Binance users took to Twitter to accuse of above losses due to bankrupt trading during a aeon of abrupt blow on Dec. 21.
Traders were clumsy to capitalize on clashing prices, with abounding traders claiming losses due to a above abatement in the amount of the recently-listed JUV badge while trading was unavailable.
https://twitter.com/Niederknien/status/1341017045094293504
While CZ assured users that funds and user abstracts were intact, the blow acquired abounding users to absence their adventitious to advertise as JUV badge prices bashed 30%.
Twitter user Farhan Zubair declared that he bought into JUV “just account afore the crash,” abacus that he could accept “sold at 5% loss, which is what I do. Now I accept to buck the absolute loss. It’s a absolutely accidental loss.”
Others begin themselves on the border of actuality liquidated. Another Twitter user, Roy The Boy, batten to Crypto Briefing and declared he had absent acceptance in Binance due to the downtime.
Roy told Crypto Briefing that he had been trading The Graph badge back “the arrangement aloof jammed” after warning.
The Graph badge has collapsed 17.88% in amount so far today, and Roy states that he will be attractive to DeFi alternatives for trading in the future. This is the additional time Binance has gone bottomward in the aftermost week, also abolition on Dec. 16 amidst aerial trading volume.
