Binance to Halt Trading After Syscoin Issue

Crypto exchange began unscheduled maintenance soon after one of the users paid 96 BTC for one Syscoin token
04 July 2018   1508

On 4th of July, the largest crypto exchange Binance suddenly suspended trading, withdrawal and other functions.

Representatives of Binance said that the trading platform is forced to conduct maintenance. They also apologized for the inconvenience, promising to provide details soon.

A few hours later, the blog of the site reported that due to "suspicious trading activity" Binance will remove all existing API keys and will prompt users to create new ones.

After another hour, API keys were removed, users were able to create new ones. The administration of Binance promised to announce the resumption of the remaining operations later.

CEO of the Binance Exchange Changpeng Zhao said that all funds are safe.

At the moment, Binance is still unavailable for trading.

Binance
Binance

Crypto exchange began unscheduled maintenance soon after one of the users paid 96 BTC for one Syscoin token.

Binance team just reported to resume trading on 08:00 AM (UTC).

Binance to Add WeChat and Alipay Support

According to the anonymous sources of The Block, the feature is in the testing stage for Android users
10 October 2019   122

Binance Exchange will add support for the largest Chinese payment systems WeChat and Alipay.

Referring to informed sources, The Block reported that this option is currently being tested for Android users, and will soon become available for iOS and the desktop version of the trading platform.

Note that in China, the activities of cryptocurrency exchanges were officially banned at the end of 2017. However, residents of the country are actively using P2P and OTC platforms to buy bitcoin.