Popular cryptocurrency exchange Binance has announced on its site today, Feb. 9, that it has its system upgrade after technical difficulties resulted in significant delays.
The company’s post confirmed all functionality would return at 10am UTC Feb. 9, with Binance offering a two-week 70% discount on trading fees as a sign of “gratitude for their unwavering support throughout the upgrade process.”
Binance has risen to international fame in the brief six-month period it has existed on the cryptocurrency exchange market.
This week, CEO Changpeng Zhao was named as one of the crypto industry’s “richest people” in a , having already appeared on as an industry expert, even publicly criticising Warren Buffett.
As of January, 2018 Binance was the largest trading platform in the world, Cointelegraph reporting user numbers increasing by and being placed on new sign-ups.
Despite a “slowdown” in the complex procedures used to facilitate the upgrade, Zhao users on social media that the integrity of data was not at risk at any point.
“There was a DDoS attack on our cloud provider, resolved, but still some lingering effects,” he added in a recent twitter update.
The exchange had managed to accusations a hack was taking place as the technical issues unfolded Thursday, Feb. 8.
Published at Fri, 09 Feb 2018 11:56:56 +0000
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