I am Mad, Binance Out for at least 12h!! Did Binance Got Hacked?
Zhao Changpeng, the chief executive, said on Twitter that Binance had experienced a “server issue on our replica database cluster, causing some data to be out of sync”, requiring the exchange to “fully resync from master”. He added that “no data is lost”.
“ . . . we have not been hacked. Just working with large data takes time,” Mr Zhao said to a user on Twitter who asked for confirmation that the exchange was not the subject of a cyber attack.
The outage at the trading venue, one of the world’s biggest, comes after Japanese exchange Coincheck sustained a $500m hack late last month. Binance’s woes sparked a mix of criticism, concern, and sympathy from users on Twitter.
Hopefully, we will not experience big moves in the market until then, I bought a lot during the last dip, a few days ago and I was planning to start selling today as I expect another big correction to come.
Do you have a Binance account? what do you think of this? do you agree with me about another correction to come?
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No need to panic. We've just experienced the biggest volume in Bitcoin a few days ago since 2015. Exchanges can't deal with that amount of activity so they shut it down time to time to prevent hacks.
I'm not into panic, I'm just mad I can't follow my plan, I was planning to exit some postion today;)
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