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   1040

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).

Ledger Nano S to Support Binance Coin

As reported, now the owners of Ledger Nano S will be able to access the Binance DEX exchange and keep private keys safe during the trading process
24 April 2019   74

The producer of the popular hardware wallets Ledger announced the addition of support for the Binance Coin (BNB) token to its Nano S device.

Now the owners of Ledger Nano S will be able to access the Binance DEX exchange and keep private keys safe during the trading process. After connecting the wallet to the exchange, BNB tokens can be used to exchange for various assets on the site.

In this case, the Ledger devices will support Binance Coin of the ERC-20 standard until the exchange announces the completion of the exchange of tokens based on Ethereum for the assets of its own blockchain.

Yesterday, April 23, Binance announced the successful migration of BNB tokens from Ethereum to its Binance Chain, while noting that the BNB tokens of the ERC-20 standard can still be credited to Binance - they are automatically converted into assets of the BEP2 network Binance Chain. On the same day, the launch of the decentralized Binance DEX exchange took place.