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.
Crypto exchange began unscheduled maintenance soon after one of the users paid 96 BTC for one Syscoin token.
— CryptoTutor⚡️ (@CryptoTutor) July 3, 2018
Binance team just reported to resume trading on 08:00 AM (UTC).