FUD ensues as Binance maintenance extends past 6 hours, CZ jumps in

19 Oct, 2018
by Ryan Boltman
News
FUD ensues as Binance maintenance extends past 6 hours, CZ jumps in

Binance support will be extremely busy today following the earlier news of the exchange being down for maintenance on backend systems. However the delay has now been extended to over 6 hours from the original 1 hour downtime. FUD has ensued as Binance failed to notify Telegram groups of the downtime. 

Following the recent news related to the downtime expected today for maintenance, CZ ensured that everyones funds are "Safu"

Recap: CZ tweets "Funds are #SAFU" following reset of trading platforms

However the delay has now been extended to over 6 hours of maintenance. What makes it even worse, is that the announcement telegram channel are currently travelling and do not have access to Telegram. Causing everyone on Telegram to be left in the dark about the maintenance, Binance

CZ has been tweeting updates and information regarding the maintenance updates for the past several hours, keeping everyone on Twitter up to date. CZ gave more information regarding the downtime stating that three levels of resync are required due to a large dataset and complex distributed in-memory matching architecture. "Full resync was what we did back in Feb, it took a long time. We optimized since, but data also grew." said CZ. 

CZ also notes that they will mitigate any manipulation when trading opens by allowing customers to cancel trade orders before commencing, just in case prices drop drastically or vice vice-versa. 

Follow Chepicap now on Twitter, Telegram and Facebook!

Read more about:Binance

Poll

Is CZ handling the situation well?

(3 votes)

Add a comment

Check out the latest news

You will be logged out and redirected to the homepage