Binance resumed work and is thanking users for their support - Hitecher
Binance resumed work and is thanking users for their support

Binance resumed work and is thanking users for their support

by Evan Mcbride

Binance, the popular Hong Kong crypto exchange announced it resumes the work after solving technical...

Binance, the popular Hong Kong crypto exchange announced it resumes the work after solving technical problems. Problems while synchronizing the data caused the exchange to fail for more than a day. Now the system is fully up to date.

Some users suspected that the exchange was hacked, but representatives of the company managed to convince customers of the safety of the funds.

John McAfee in particular demanded the exchange to prove that the problems are not related to the hacker attack. In response, the exchange wrote a tweet publishing its wallets IP addresses, so that everyone could verify that they were not hacked.

Changpeng Jao, the CEO of the exchange, transferred 30,000 bitcoins to a hot wallet in order to “kill FUD,” and said that the bulk of the stock’s assets are located in cold wallets and users can be absolutely sure in the safety of their investments.

One of the users made a joke that Binance turned all of its users into “holders” for 12 hours.

Many appreciated the fact that the exchange constantly kept customers up to date, publishing the latest information on its Twitter every 2 hours or more often.

Binance will reduce the commission for transactions by 70 percent until February 24 as an acknowledgment for users support.

This week Forbes published a list of the richest people in the crypto industry and Changpeng Jao was in the third place. His fortune is estimated at $ 2 billion.

Over the past six months, Binance came into the first place in terms of capitalization, but while the experts were working on the restart, the exchange was overtaken by Upbit and OKEx.

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