Syscoin Grown 2.5 Mln Times. Binance Suspended Work
July 4, 2018
Binance has frozen trading, depositing and withdrawing funds as well as other functions. In addition the exchange removed all existing API-keys.
The main cause for this was Syscoin cryptocurrency rate growing 2,400,000 times from 0.00004 BTC to 96 BTC per coin. After this “small” uprise the developers asked the exchange to hold trading. Strangely enough, checks did not reveal any problem with blockchain or the cryptocurrency. Binance also claims to have no failures on its side.
Bu despite Binance CEO Changpeng Zhao’s statements on complete safety, internal wallet of the exchange has lost almost 7,500 BTC.